Novem Group (XTER:NVM) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Novem Group LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Novem Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Novem Group's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00).

Novem Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Novem Group's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Novem Group LT-Debt-to-Total-Asset Chart

Novem Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

1.41

0.42

0.39

0.41

Novem Group Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											-	0.42	-	0.41	-

Novem Group LT-Debt-to-Total-Asset Calculation

Novem Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	248.754	/	602.116
	=	0.41

Novem Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	588.3
	=	0.00

Novem Group (XTER:NVM) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Novem Group LT-Debt-to-Total-Asset Related Terms

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Novem Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Novem Group SA (XTER:NVM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0ABP:UK

Address

Industriestrasse 45, Vorbach, DEU, 95519

Website

https://www.novem.com

Novem Group SA operates as a developer, supplier, and system supplier for trim parts and decorative functional elements in vehicle interiors. The products of the company are central consoles, dashboards, beltlines, and others. The company operates in three reportable geographical segments namely Europe, Americas, and Asia. The business activities of these segments includes the production, processing, and sale of high quality trims and decorative functional elements in vehicle interiors.

Executives

Frank Schmitt	Board of Directors
Christine Maria Hollmann	Board of Directors
Dr. Johannes Burtscher	Board of Directors
Günter Brenner	Board of Directors

Novem Group Headlines

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