Veganz Group AG (XTER:VEZ) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Veganz 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. Veganz Group AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Veganz Group AG's long-term debt to total assets ratio declined from Jun. 2023 (0.33) to Jun. 2024 (0.00). It may suggest that Veganz Group AG is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Veganz 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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Veganz Group AG LT-Debt-to-Total-Asset Chart

Veganz Group AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.14

0.20

0.29

0.38

Veganz Group AG Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.24	0.29	0.33	0.38	-

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

Veganz 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 )
	=	9.589	/	24.969
	=	0.38

Veganz 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 )
	=	0	/	20.471
	=	0.00

Veganz Group AG (XTER:VEZ) 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.

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Veganz Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Veganz Group AG (XTER:VEZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

VEZ:Germany

Address

Warschauer Strasse 33, Berlin, DEU, 10243

Website

https://www.veganz.de

Veganz Group AG is a plant-based/vegan food company developing, producing, marketing, and distributing its products under its brand "Veganz". Its offering is characterized by a complete absence of all animal ingredients as well as products for the production of which animal ingredients are used. Some of its products include Biscuits and bakery products, Cheese Alternatives, Fish Alternatives, Ready Meals, and Sweet treats.

Executives

Moritz Möller	Board of Directors
Massimo Garau	Board of Directors
Jan Bredack	Board of Directors

Veganz Group AG Headlines

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