Platform Group AG (XTER:TPG) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Platform 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. Platform Group AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Platform Group AG's long-term debt to total assets ratio increased from Jun. 2023 (0.12) to Jun. 2024 (0.17). It may suggest that Platform Group AG is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Platform 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.

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

Platform Group AG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.14

0.18

0.14

Platform Group AG Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.14	0.18	0.12	0.14	0.17

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

Platform Group AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	38.896	/	284.34
	=	0.14

Platform Group AG'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 )
	=	43.066	/	259.006
	=	0.17

Platform Group AG (XTER:TPG) 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.

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

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Platform Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Platform Group AG (XTER:TPG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Schloss Elbroich, Am Falder 4, Dusseldorf, NW, DEU, 40589

Website

https://corporate.the-platform-group.com

Platform Group AG is a dominant platform groups in Europe and uses high quality software solutions to connect partners with eCommerce. The company operates with software-based platform solutions that can be used universally in almost all sectors and industries. The company operates 20 platforms in 18 different sectors, which allow connected partners (retailers and manufacturers) to list their products simultaneously on more than 50 online channels.

Executives

Dominik Pasqual Benner	Board of Directors
Reinhard Hetkamp	CFO
Laura Vogelsang	Board of Directors
Georg Hesse	Board of Directors
Thomas Buhl	Board of Directors