Hapag-Lloyd AG (XTER:HLAG) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Hapag-Lloyd 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. Hapag-Lloyd AG's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Hapag-Lloyd AG's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.13). It may suggest that Hapag-Lloyd AG is progressively becoming more dependent on debt to grow their business.

Hapag-Lloyd AG LT-Debt-to-Total-Asset Historical Data

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

Hapag-Lloyd AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.28

0.16

0.11

0.13

Hapag-Lloyd AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.13	0.14	0.13	0.13

Hapag-Lloyd AG LT-Debt-to-Total-Asset Calculation

Hapag-Lloyd 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 )
	=	3772.9	/	29012.4
	=	0.13

Hapag-Lloyd AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4053.2	/	30320.8
	=	0.13

Hapag-Lloyd AG (XTER:HLAG) 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.

Hapag-Lloyd AG LT-Debt-to-Total-Asset Related Terms

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Hapag-Lloyd AG (XTER:HLAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hapag-Lloyd AG (XTER:HLAG) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

HLAGF:USA HPGLY:USA 1HLAG:Italy HLAGd:UK 0RCG:UK HLAG:Austria

Address

Ballindamm 25, Hamburg, DEU, 20095

Website

https://www.hapag-lloyd.com

Hapag-Lloyd AG is a global liner shipping company engaged in the transportation of various products which include Food products, chemical products, mechanical engineering products, raw materials, textiles, and other products through containers and vessels. Hapag also provides various services such as e-business solutions, security information services, and special cargo services. Its geographical area of operation includes Atlantic, Transpacific, Far East, Middle East, Latin America, Intra-Asia, and Africa.

Executives

Dr. Maximilian Rothkopf	Board of Directors
Rolf Eric Habben Jansen	Board of Directors

Hapag-Lloyd AG (XTER:HLAG) Headlines

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