Adecco Group AG (Adecco Group AG) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

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What is Adecco 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. Adecco Group AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

Adecco Group AG's long-term debt to total assets ratio declined from Dec. 2022 (0.26) to Dec. 2023 (0.24). It may suggest that Adecco Group AG is progressively becoming less dependent on debt to grow their business.

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

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

Adecco Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.19

0.25

0.26

0.24

Adecco Group AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.27	0.27	0.27	0.24

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

Adecco 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 )
	=	3214.831	/	13555.071
	=	0.24

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3214.831	/	13555.071
	=	0.24

Adecco Group AG (OTCPK:AHEXY) 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.

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

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Adecco Group AG (Adecco Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adecco Group AG (OTCPK:AHEXY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

SLNG PED NGS EPSN SGU RSRV SND EPM RNGR SOI ADP PAYX XAMS:RAND RHI BZ TNET NSP MAN KFY TSE:2181

Traded in Other Exchanges

ADENz:UK ADIA:Germany ADEN:Switzerland

Address

Bellerivestrasse 30, Zurich, CHE, CH-8008

Website

https://www.adeccogroup.com

Adecco Group AG is a provider of human capital solutions including Flexible placement, Permanent placement, Career Transition, Outsourcing, Consulting Services in engineering, Digital and IT, Talent services, Training, Up/ Re-skilling and Other services. It is organised into three business units Adecco, Akkodis and LHH. The company provides services to businesses and organisations located throughout Europe, North America, Asia Pacific, South America, and North Africa.