Grong Sparebank (OSL:GRONG) Debt-to-Asset : 0.13 (As of Mar. 2024)

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What is Grong Sparebank Debt-to-Asset?

Grong Sparebank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.0 Mil. Grong Sparebank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,281.1 Mil. Grong Sparebank's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr10,137.0 Mil. Grong Sparebank's debt to asset for the quarter that ended in Mar. 2024 was 0.13.

Grong Sparebank Debt-to-Asset Historical Data

The historical data trend for Grong Sparebank'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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Grong Sparebank Debt-to-Asset Chart

Grong Sparebank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.19

0.17

0.18

0.14

0.13

Grong Sparebank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.14	0.13	0.12	0.13	0.13

Competitive Comparison of Grong Sparebank's Debt-to-Asset

For the Banks - Regional subindustry, Grong Sparebank'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.

Grong Sparebank's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Grong Sparebank's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Grong Sparebank's Debt-to-Asset falls into.

Grong Sparebank Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Grong Sparebank'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
	=	(0	+	1338.881)	/	10051.213
	=	0.13

Grong Sparebank's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	1281.122)	/	10136.966
	=	0.13

Grong Sparebank (OSL:GRONG) 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.

Grong Sparebank Debt-to-Asset Related Terms

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Grong Sparebank (OSL:GRONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grong Sparebank (OSL:GRONG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sundspetvegen 2, PB 104, Grong, NOR, 7871

Website

https://www.grong-sparebank.no

Grong Sparebank is an independent, local savings bank. It offers banking services to the local community such as Car loans, Mortgage, Loans and refinancing, Retirement and Bank Savings, Insurances, mobile and Online Banking, International payment and others.

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