RENK Group AG (XTER:R3NK) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2024)

View and export this data going back to 2024. Start your Free Trial

What is RENK Group AG 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. RENK Group AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.33.

RENK Group AG's long-term debt to total assets ratio declined from Dec. 2023 (0.36) to Dec. 2024 (0.33). It may suggest that RENK Group AG is progressively becoming less dependent on debt to grow their business.

RENK Group AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for RENK Group AG'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.

* Premium members only.

RENK Group AG LT-Debt-to-Total-Asset Chart

RENK Group AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.34

0.46

0.44

0.36

0.33

RENK Group AG Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.36	0.35	0.35	-	0.33

RENK Group AG LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	527.164	/	1589.227
	=	0.33

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	527.164	/	1589.227
	=	0.33

RENK Group AG (XTER:R3NK) 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.

RENK Group AG LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of RENK Group AG's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

RENK Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » RENK Group AG (XTER:R3NK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RNKGF:USA R3NKd:UK RENK:Austria

Address

Gogginger street 73, Augsburg, BY, DEU, 86159

Website

https://www.renk.com

RENK Group AG provides vehicle mobility solutions. Its propulsion and drivetrain technology ensures the reliable deployment of forces to set vehicles, vessels, and machinery in motion. The company's business is divided into the following segments; Vehicle Mobility Solutions, Marine and Industry, and Slide Bearings. The Vehicle Mobility Solutions segment which generates maximum revenue, provides technology for the deployment of forces to set vehicles, vessels, and machinery in motion, and also offers products like engines, suspensions, electric drives, and power packs for military vehicles and test systems. Geographically, the company generates maximum revenue from Germany and the rest from America, Asia, Africa, other European countries, Other EU countries, and Australia and Oceania.

Executives

Dr. Alexander Sagel	Board of Directors
Susanne Wiegand	Board of Directors
Christian Schulz	Board of Directors
Claus Von Hermann	Supervisory Board
Johannes Meier	Supervisory Board
Cécile Dutheil	Supervisory Board

RENK Group AG Headlines

No Headlines