FOM Technologies AS (OCSE:FOM) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is FOM Technologies AS 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. FOM Technologies AS's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

FOM Technologies AS's long-term debt to total assets ratio declined from Jun. 2023 (0.13) to Jun. 2024 (0.07). It may suggest that FOM Technologies AS is progressively becoming less dependent on debt to grow their business.

FOM Technologies AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for FOM Technologies AS'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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FOM Technologies AS LT-Debt-to-Total-Asset Chart

FOM Technologies AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

FOM Technologies AS Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							-	-	0.13	0.07	0.07

FOM Technologies AS LT-Debt-to-Total-Asset Calculation

FOM Technologies AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6.977	/	99.915
	=	0.07

FOM Technologies AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	6.023	/	90.404
	=	0.07

FOM Technologies AS (OCSE:FOM) 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.

FOM Technologies AS LT-Debt-to-Total-Asset Related Terms

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FOM Technologies AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FOM Technologies AS (OCSE:FOM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bryggergarden 2-12, Kastrup, DNK, 2770

Website

https://www.fomtechnologies.com

FOM Technologies AS is engaged in the development and sale of machinery and equipment for material production and research. The company is a supplier of lab and pilot scale slot die coating tools for material R&D and upscaling to commercial production. The company's products include Machines-rolls; Machines-sheets, Machines-rolls-to-rolls, and Slot-die-heads.

FOM Technologies AS Headlines

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