Zenitel NV (XBRU:ZENT) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2020)

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What is Zenitel NV 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. Zenitel NV's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 0.02.

Zenitel NV's long-term debt to total assets ratio declined from Dec. 2019 (0.03) to Dec. 2020 (0.02). It may suggest that Zenitel NV is progressively becoming less dependent on debt to grow their business.

Zenitel NV LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zenitel NV'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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Zenitel NV LT-Debt-to-Total-Asset Chart

Zenitel NV Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.03

0.02

Zenitel NV Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.03	0.03	0.02	0.02

Zenitel NV LT-Debt-to-Total-Asset Calculation

Zenitel NV's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	1.153	/	61.199
	=	0.02

Zenitel NV's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )	/	Total Assets (Q: Dec. 2020 )
	=	1.153	/	61.199
	=	0.02

Zenitel NV (XBRU:ZENT) 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.

Zenitel NV LT-Debt-to-Total-Asset Related Terms

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Zenitel NV (XBRU:ZENT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zenitel NV (XBRU:ZENT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Z.1 Research Park Zellik 110, Zellik, BEL, 1731

Website

https://www.zenitel.com

Zenitel NV operates in the onshore and offshore secure communications market. It offers integrated security communications solutions under its VingtorStentofon brand. Zenitel products include intercom, public address, 2-way radio systems, sound reception system, and IT/IP solutions. The company serves a diverse range of markets, including building security and public safety, transportation, industrial, oil and gas, and maritime. Its geographical segments are Belgium, Norway, Singapore, Finland, France, the United States, and other foreign countries. The majority of its revenue is derived from Norway.

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