Aasen Sparebank (OSL:AASB) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Aasen Sparebank 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. Aasen Sparebank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Aasen Sparebank's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.14). It may suggest that Aasen Sparebank is progressively becoming less dependent on debt to grow their business.

Aasen Sparebank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aasen Sparebank'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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Aasen Sparebank LT-Debt-to-Total-Asset Chart

Aasen Sparebank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.18

0.20

0.18

0.13

Aasen Sparebank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.15	0.13	0.13	0.14

Aasen Sparebank LT-Debt-to-Total-Asset Calculation

Aasen Sparebank'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 )
	=	820.293	/	6200.725
	=	0.13

Aasen Sparebank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	932.075	/	6664.169
	=	0.14

Aasen Sparebank (OSL:AASB) 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.

Aasen Sparebank LT-Debt-to-Total-Asset Related Terms

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Aasen Sparebank (OSL:AASB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Aasen Sparebank (OSL:AASB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stasjonsvegen 1, P.O. Box 33, Asen, NOR, 7631

Website

http://www.aasen-sparebank.no

Aasen Sparebank is a local savings bank. It offers a full-service concept for banking and financial services, both for private and agricultural customers, as well as for small and medium-sized businesses. The company services include Mortgage, Car loans, Loans and refinancing, Insurance, Online and Mobile Banking, Deposits and others.

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