Nordic Flanges Group AB (OSTO:NFGAB) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Nordic Flanges 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. Nordic Flanges Group AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Nordic Flanges Group AB's long-term debt to total assets ratio declined from Dec. 2022 (0.21) to Dec. 2023 (0.20). It may suggest that Nordic Flanges Group AB is progressively becoming less dependent on debt to grow their business.

Nordic Flanges Group AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nordic Flanges 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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Nordic Flanges Group AB LT-Debt-to-Total-Asset Chart

Nordic Flanges Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.19

0.21

0.20

Nordic Flanges Group AB Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.03	0.21	0.07	0.20

Nordic Flanges Group AB LT-Debt-to-Total-Asset Calculation

Nordic Flanges Group 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 )
	=	25.964	/	129.53
	=	0.20

Nordic Flanges Group AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	25.964	/	129.53
	=	0.20

Nordic Flanges Group AB (OSTO:NFGAB) 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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Nordic Flanges Group AB (OSTO:NFGAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Flanges Group AB (OSTO:NFGAB) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Herkulesgatan 14, Stockholm, SWE, 111 52

Website

http://www.nordicflanges.se

Nordic Flanges Group AB is a manufacturer and supplier of standard and special flanges in Nordic countries. It provides flange solutions in stainless steel, aluminum and carbon steel. Its products include stock flanges, welding necks, welding rings and loose flanges in stainless steel, carbon steel and stock other types of flanges, DIN 2642 flanges, DIN 2527 blind flanges and DIN 2673 flanges for plastic piping.

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