Quantafuel AS (Quantafuel AS) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2023)

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What is Quantafuel AS 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. Quantafuel AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.06.

Quantafuel AS's long-term debt to total assets ratio declined from Sep. 2022 (0.11) to Sep. 2023 (0.06). It may suggest that Quantafuel AS is progressively becoming less dependent on debt to grow their business.

Quantafuel AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Quantafuel AS'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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Quantafuel AS LT-Debt-to-Total-Asset Chart

Quantafuel AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.08

0.27

0.40

0.12

0.11

Quantafuel AS Quarterly Data
	Dec17	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.11	0.10	0.06	0.06

Quantafuel AS LT-Debt-to-Total-Asset Calculation

Quantafuel AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	16.776	/	149.959
	=	0.11

Quantafuel AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	8.3	/	147.339
	=	0.06

Quantafuel AS (OTCPK:QNTFF) 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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Quantafuel AS (Quantafuel AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Quantafuel AS (OTCPK:QNTFF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

QFUEL:Norway 49Q:Germany

Address

Lilleakerveien 2C, Oslo, NOR, 0283

Website

https://www.quantafuel.com

Quantafuel AS is a Norwegian technology company that develops, designs, and operates production facilities to produce synthetic fuels and chemical products based on non-recyclable waste. The company converts waste plastic into low-carbon synthetic oil products replacing virgin oil products.