Odico A/S (OCSE:ODICO) LT-Debt-to-Total-Asset : 0.14 (As of Jun. 2023)

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What is Odico A/S 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. Odico A/S's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.14.

Odico A/S's long-term debt to total assets ratio increased from Jun. 2022 (0.09) to Jun. 2023 (0.14). It may suggest that Odico A/S is progressively becoming more dependent on debt to grow their business.

Odico A/S LT-Debt-to-Total-Asset Historical Data

The historical data trend for Odico A/S'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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Odico A/S LT-Debt-to-Total-Asset Chart

Odico A/S Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.17

0.08

0.09

0.14

Odico A/S Semi-Annual Data
	Jun16	Jun17	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.08	-	0.09	-	0.14

Odico A/S LT-Debt-to-Total-Asset Calculation

Odico A/S's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	4.12	/	29.704
	=	0.14

Odico A/S's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	4.12	/	29.704
	=	0.14

Odico A/S (OCSE:ODICO) 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.

Odico A/S LT-Debt-to-Total-Asset Related Terms

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Odico A/S (OCSE:ODICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Odico A/S (OCSE:ODICO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oslogade 1, Odense C, DNK, 5000

Website

https://www.odico.dk

Odico A/S is a Denmark-based formwork technology developer. The company is engaged in the development, production, and sale of tailored robotic solutions for the construction and building industry. It services include consulting, prototyping and formwork production. Its products include plugs and molds for the Composite -and concrete industry, cut and milled figures, letters for signs, windbreakers, and display podiums.

Odico A/S (OCSE:ODICO) Headlines

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