Avolta AG (Avolta AG) LT-Debt-to-Total-Asset : 0.56 (As of Dec. 2023)

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What is Avolta 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. Avolta AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.56.

Avolta AG's long-term debt to total assets ratio declined from Dec. 2022 (0.59) to Dec. 2023 (0.56). It may suggest that Avolta AG is progressively becoming less dependent on debt to grow their business.

Avolta AG LT-Debt-to-Total-Asset Historical Data

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

Avolta AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.68

0.63

0.59

0.56

Avolta AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.61	0.59	0.49	0.56

Avolta AG LT-Debt-to-Total-Asset Calculation

Avolta 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 )
	=	10720.86	/	19096.785
	=	0.56

Avolta 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 )
	=	10720.86	/	19096.785
	=	0.56

Avolta AG (OTCPK:DUFRY) 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.

Avolta AG LT-Debt-to-Total-Asset Related Terms

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Avolta AG (Avolta AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Avolta AG (OTCPK:DUFRY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DFRYF:USA AVOLz:UK 0QK3:UK D2JA:Germany AVOL:Switzerland

Address

Brunngasslein 12, Basel, CHE, 4010

Website

https://www.avoltaworld.com

Dufry is the world's largest duty-free shop operator and leader in travel retail. Airports make up over 80% of the company's (Dufry and acquired Autogrill) total revenue. Dufry's main markets are Europe and the Americas (about 47% revenue each), while Asia contributed 6% in 2022.