Kauno Energija AB (OVSE:KNR1L) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is Kauno Energija 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. Kauno Energija AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Kauno Energija AB's long-term debt to total assets ratio increased from Mar. 2023 (0.22) to Mar. 2024 (0.26). It may suggest that Kauno Energija AB is progressively becoming more dependent on debt to grow their business.

Kauno Energija AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kauno Energija 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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Kauno Energija AB LT-Debt-to-Total-Asset Chart

Kauno Energija AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.15

0.19

0.22

0.26

Kauno Energija 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															0.22	0.24	0.29	0.26	0.26

Kauno Energija AB LT-Debt-to-Total-Asset Calculation

Kauno Energija 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 )
	=	55.857	/	213.54
	=	0.26

Kauno Energija 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 )
	=	55.857	/	215.275
	=	0.26

Kauno Energija AB (OVSE:KNR1L) 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.

Kauno Energija AB LT-Debt-to-Total-Asset Related Terms

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Kauno Energija AB (OVSE:KNR1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kauno Energija AB (OVSE:KNR1L) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Raudondvario Road 84, Kaunas, LTU, 47179

Website

https://www.kaunoenergija.lt

Kauno Energija AB is a company engaged in heat and hot water supplies in the cities of Kaunas and Jurbarkas and in Kaunas district, Lituania. In addition, the company is also involved in electricity generation and distribution. The company carries out supervision of indoor heat and hot water supply systems, repair and maintenance of heat unit equipment, provides rental services premises. It generates a vast majority of its revenues from heat supplies.

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