Danish Aerospace Co A/S (OCSE:DAC) Debt-to-Asset : 0.46 (As of Dec. 2023)

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What is Danish Aerospace Co A/S Debt-to-Asset?

Danish Aerospace Co A/S's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr15.66 Mil. Danish Aerospace Co A/S's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0.00 Mil. Danish Aerospace Co A/S's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was kr34.24 Mil. Danish Aerospace Co A/S's debt to asset for the quarter that ended in Dec. 2023 was 0.46.

Danish Aerospace Co A/S Debt-to-Asset Historical Data

The historical data trend for Danish Aerospace Co A/S's Debt-to-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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Danish Aerospace Co A/S Debt-to-Asset Chart

Danish Aerospace Co A/S Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.14

0.22

0.46

Danish Aerospace Co A/S Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial								-	0.03	0.22	0.33	0.46

Competitive Comparison of Danish Aerospace Co A/S's Debt-to-Asset

For the Aerospace & Defense subindustry, Danish Aerospace Co A/S's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Danish Aerospace Co A/S's Debt-to-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Danish Aerospace Co A/S's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Danish Aerospace Co A/S's Debt-to-Asset falls into.

Danish Aerospace Co A/S Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Danish Aerospace Co A/S's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(15.662	+	0)	/	34.242
	=	0.46

Danish Aerospace Co A/S's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(15.662	+	0)	/	34.242
	=	0.46

Danish Aerospace Co A/S (OCSE:DAC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Danish Aerospace Co A/S Debt-to-Asset Related Terms

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Danish Aerospace Co A/S (OCSE:DAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Danish Aerospace Co A/S (OCSE:DAC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hvidkjaervej 31A Street, Odense, DNK, DK-5250

Website

https://www.danishaerospace.com

Danish Aerospace Co A/S is a high-tech company operating in the area of advanced medical instrumentation and other engineering fields primarily within space applications. The main activity of the company is to develop innovative technological solutions for space exploration. This comprises design, development, and manufacturing of medical monitoring and exercise equipment, as well as to support preparations for and realisation of manned space flights.