Volvo Car AB (OSTO:VOLCAR B) Debt-to-Asset : 0.10 (As of Mar. 2024)

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What is Volvo Car AB Debt-to-Asset?

Volvo Car AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr14,941 Mil. Volvo Car AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr22,509 Mil. Volvo Car AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr369,620 Mil. Volvo Car AB's debt to asset for the quarter that ended in Mar. 2024 was 0.10.

Volvo Car AB Debt-to-Asset Historical Data

The historical data trend for Volvo Car AB'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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Volvo Car AB Debt-to-Asset Chart

Volvo Car AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

0.11

0.10

Volvo Car AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial												0.11	0.10	0.10	0.10	0.10

Competitive Comparison of Volvo Car AB's Debt-to-Asset

For the Auto Manufacturers subindustry, Volvo Car AB'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.

Volvo Car AB's Debt-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Volvo Car AB's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Volvo Car AB's Debt-to-Asset falls into.

Volvo Car AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Volvo Car AB'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
	=	(7597	+	27435)	/	356362
	=	0.10

Volvo Car AB'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
	=	(14941	+	22509)	/	369620
	=	0.10

Volvo Car AB (OSTO:VOLCAR B) 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.

Volvo Car AB Debt-to-Asset Related Terms

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Volvo Car AB (OSTO:VOLCAR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volvo Car AB (OSTO:VOLCAR B) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

VLVCY:USA VLVOF:USA VOLCBs:UK 8JO:Germany

Address

VAK Building, Gunnar Engellaus Vag, Gothenburg, SWE, 405 31

Website

https://www.volvocars.com

Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it derives a majority of its revenue from China and also has a presence in the US; Sweden; Germany; United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars.

Volvo Car AB (OSTO:VOLCAR B) Headlines

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