Mainova AG (FRA:MNV6) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Mainova 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. Mainova AG's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Mainova AG's long-term debt to total assets ratio stayed the same from Jun. 2022 (0.00) to Jun. 2023 (0.00).

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

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

Mainova AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.15

0.13

0.12

0.06

0.08

Mainova AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.06	-	0.08	-

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

Mainova AG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	587.105	/	7081.368
	=	0.08

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

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0	/	5927.701
	=	0.00

Mainova AG (FRA:MNV6) 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.

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

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Mainova AG (FRA:MNV6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Mainova AG (FRA:MNV6) » Definitions » LT-Debt-to-Total-Asset

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MNV6:Germany

Address

Solmsstrasse 38, Frankfurt Am Main, DEU, 60623

Website

http://www.mainova.de

Mainova AG is engaged in the distribution of electricity. In addition, Mainova supplies regional energy supply companies as well as nationwide business customers with electricity, gas and energy-related services. The company is organized into three business segments - Heat and Power Generation, Power Supply, and Gas Supply. The majority of its revenue is derived from the Power Supply segment.

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