elumeo SE (XTER:ELB) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is elumeo SE 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. elumeo SE's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

elumeo SE's long-term debt to total assets ratio declined from Sep. 2022 (0.07) to Dec. 2023 (0.03). It may suggest that elumeo SE is progressively becoming less dependent on debt to grow their business.

elumeo SE LT-Debt-to-Total-Asset Historical Data

The historical data trend for elumeo SE'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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elumeo SE LT-Debt-to-Total-Asset Chart

elumeo SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.11

0.07

0.03

elumeo SE Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	0.07	-	0.03

elumeo SE LT-Debt-to-Total-Asset Calculation

elumeo SE'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 )
	=	0.599	/	22.156
	=	0.03

elumeo SE'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 )
	=	0.599	/	22.156
	=	0.03

elumeo SE (XTER:ELB) 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.

elumeo SE LT-Debt-to-Total-Asset Related Terms

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elumeo SE (XTER:ELB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » elumeo SE (XTER:ELB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ELB:Germany ELB:Germany

Address

Erkelenzdamm 59/61, Berlin, DEU, 10999

Website

https://www.elumeo.com

elumeo SE along with its subsidiaries engages in designing, producing and selling jewelry articles, precious gemstones, and related products. Its brand portfolio comprises Juwelo, Rocks and Co., New York Gemstones, and AMAYANI brands. The company markets its products via the internet, catalogs, television, retail and other electronic distribution channels. The Group operates home shopping television stations in Germany and Italy as well as web shops in Germany, the UK, Italy, France, the Netherlands, Spain and Belgium.

Executives

Wolfgang Boyé

Supervisory Board

elumeo SE (XTER:ELB) Headlines

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