Hitech & Development Wireless Sweden Holding AB (OSTO:HDW B) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Hitech & Development Wireless Sweden Holding 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. Hitech & Development Wireless Sweden Holding AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Hitech & Development Wireless Sweden Holding AB's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.06). It may suggest that Hitech & Development Wireless Sweden Holding AB is progressively becoming more dependent on debt to grow their business.

Hitech & Development Wireless Sweden Holding AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hitech & Development Wireless Sweden Holding 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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Hitech & Development Wireless Sweden Holding AB LT-Debt-to-Total-Asset Chart

Hitech & Development Wireless Sweden Holding AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.06

Hitech & Development Wireless Sweden Holding AB 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															-	0.06	0.05	0.06	0.06

Hitech & Development Wireless Sweden Holding AB LT-Debt-to-Total-Asset Calculation

Hitech & Development Wireless Sweden Holding AB'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 )
	=	2.87	/	52.242
	=	0.05

Hitech & Development Wireless Sweden Holding AB'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 )
	=	2.83	/	49.756
	=	0.06

Hitech & Development Wireless Sweden Holding AB (OSTO:HDW B) 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.

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Hitech & Development Wireless Sweden Holding AB (OSTO:HDW B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hitech & Development Wireless Sweden Holding AB (OSTO:HDW B) » Definitions » LT-Debt-to-Total-Asset

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858:Germany

Address

Kista Science Tower, Farogatan 33, Kista, SWE, 164 51

Website

http://www.hd-wireless.se

Hitech & Development Wireless Sweden Holding AB is engaged in the development, manufacturiing, sale of electronics and computer equipment in specialized disability utilities, automotive electronics, radio communications and sensor technology. It provides connectivity modules for IoT, Industrial and Digital media markets.

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