Northern Data AG (FRA:NB2) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2021)

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What is Northern Data 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. Northern Data AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.01.

Northern Data AG's long-term debt to total assets ratio declined from Jun. 2020 (0.46) to Dec. 2021 (0.01). It may suggest that Northern Data AG is progressively becoming less dependent on debt to grow their business.

Northern Data AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Northern Data 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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Northern Data AG LT-Debt-to-Total-Asset Chart

Northern Data AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.55

1.33

0.06

0.01

0.02

Northern Data AG Semi-Annual Data
	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Dec21	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									1.33	0.46	0.06	0.01	0.02

Northern Data AG LT-Debt-to-Total-Asset Calculation

Northern Data AG'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 )
	=	7.872	/	450.586
	=	0.02

Northern Data AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (Q: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )	/	Total Assets (Q: Dec. 2021 )
	=	7.049	/	798.768
	=

Northern Data AG (FRA:NB2) 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.

Northern Data AG LT-Debt-to-Total-Asset Related Terms

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Northern Data AG (FRA:NB2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Northern Data AG (FRA:NB2) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

An der Welle 3, Frankfurt, HE, DEU, 60322

Website

https://www.northerndata.de

Northern Data AG is a Business-to-Business technology company developing, using and selling solutions on vertically integrated computing infrastructure. The company's segment includes Mining; Hardware and Other. It generates maximum revenue from the Hardware and Other segment.

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