Nordic Unmanned ASA (FRA:8VH) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Nordic Unmanned ASA 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. Nordic Unmanned ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Nordic Unmanned ASA's long-term debt to total assets ratio declined from Sep. 2022 (0.19) to Sep. 2023 (0.01). It may suggest that Nordic Unmanned ASA is progressively becoming less dependent on debt to grow their business.

Nordic Unmanned ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nordic Unmanned ASA'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.

* Premium members only.

Nordic Unmanned ASA LT-Debt-to-Total-Asset Chart

Nordic Unmanned ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.20

0.15

0.13

0.17

0.24

Nordic Unmanned ASA Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.19	0.24	0.33	0.01	0.01

Nordic Unmanned ASA LT-Debt-to-Total-Asset Calculation

Nordic Unmanned ASA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	11.05	/	45.938
	=	0.24

Nordic Unmanned ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.552	/	43.304
	=	0.01

Nordic Unmanned ASA (FRA:8VH) 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.

Nordic Unmanned ASA LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Nordic Unmanned ASA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nordic Unmanned ASA (FRA:8VH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Nordic Unmanned ASA (FRA:8VH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NUMND:Norway

Address

Radhusgata 3, Sandnes, NOR, 4306

Website

https://www.nordicunmanned.com

Nordic Unmanned ASA is a provider of drone systems and services. The products help in emissions monitoring, oil spill monitoring, logistics and robotization, defence and security, power line inspection, and insurance inspections. Also, the company provides software solutions, spare parts, and consulting services.

Nordic Unmanned ASA (FRA:8VH) Headlines

No Headlines