Creturner Group AB (NGM:CRET) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2023)

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What is Creturner Group AB 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. Creturner Group AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.03.

Creturner Group AB's long-term debt to total assets ratio declined from Sep. 2022 (0.03) to Sep. 2023 (0.03). It may suggest that Creturner Group AB is progressively becoming less dependent on debt to grow their business.

Creturner Group AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Creturner Group AB'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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Creturner Group AB LT-Debt-to-Total-Asset Chart

Creturner Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.02

0.05

0.03

Creturner Group AB Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.03	0.03	0.03	0.03	0.03

Creturner Group AB LT-Debt-to-Total-Asset Calculation

Creturner Group AB'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 )
	=	5.797	/	211.427
	=	0.03

Creturner Group AB'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 )
	=	5.422	/	201.918
	=	0.03

Creturner Group AB (NGM:CRET) 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.

Creturner Group AB LT-Debt-to-Total-Asset Related Terms

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Creturner Group AB (NGM:CRET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Creturner Group AB (NGM:CRET) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

XP2:Germany

Address

Atlasvagen 2, Smedjebacken, SWE, 77734

Website

https://www.creturner.com

Creturner Group AB is a greentech company that operates as a technical calculation company with the help of renewable energy from CO2.

Creturner Group AB (NGM:CRET) Headlines

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