Parlem Telecom Companyia De Telecomunicacions (XMAD:PAR) LT-Debt-to-Total-Asset : 0.49 (As of Dec. 2023)

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What is Parlem Telecom Companyia De Telecomunicacions 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. Parlem Telecom Companyia De Telecomunicacions's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.49.

Parlem Telecom Companyia De Telecomunicacions's long-term debt to total assets ratio increased from Dec. 2022 (0.42) to Dec. 2023 (0.49). It may suggest that Parlem Telecom Companyia De Telecomunicacions is progressively becoming more dependent on debt to grow their business.

Parlem Telecom Companyia De Telecomunicacions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Parlem Telecom Companyia De Telecomunicacions'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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Parlem Telecom Companyia De Telecomunicacions LT-Debt-to-Total-Asset Chart

Parlem Telecom Companyia De Telecomunicacions Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.08

0.28

0.42

0.49

Parlem Telecom Companyia De Telecomunicacions Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.28	0.19	0.42	0.50	0.49

Parlem Telecom Companyia De Telecomunicacions LT-Debt-to-Total-Asset Calculation

Parlem Telecom Companyia De Telecomunicacions'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 )
	=	21.34	/	43.614
	=	0.49

Parlem Telecom Companyia De Telecomunicacions'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 )
	=	21.34	/	43.614
	=	0.49

Parlem Telecom Companyia De Telecomunicacions (XMAD:PAR) 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.

Parlem Telecom Companyia De Telecomunicacions LT-Debt-to-Total-Asset Related Terms

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Parlem Telecom Companyia De Telecomunicacions (XMAD:PAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Parlem Telecom Companyia De Telecomunicacions SA (XMAD:PAR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

4HW:Germany

Address

C/ Alaba, 61, 2n, 1a, Barcelona, ESP, 08005

Website

https://www.parlem.com

Parlem Telecom Companyia De Telecomunicacions SA is the telecommunications operator. It offers comprehensive mobile, internet, landline and television services and aspires to provide service to customers in any corner of the world to both individuals and companies.