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Tele2 AB (Tele2 AB) LT-Debt-to-Total-Asset : 0.40 (As of Mar. 2024)


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What is Tele2 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. Tele2 AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.40.

Tele2 AB's long-term debt to total assets ratio declined from Mar. 2023 (0.43) to Mar. 2024 (0.40). It may suggest that Tele2 AB is progressively becoming less dependent on debt to grow their business.

Tele2 AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tele2 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.

* Premium members only.

Tele2 AB LT-Debt-to-Total-Asset Chart

Tele2 AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.34 0.36 0.42 0.39

Tele2 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.41 0.39 0.39 0.40

Tele2 AB LT-Debt-to-Total-Asset Calculation

Tele2 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 )
=2480.405/6440.005
=0.39

Tele2 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 )
=2645.683/6611.374
=0.40

* 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.

Tele2 AB  (OTCPK:TLTZY) 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.

Tele2 AB LT-Debt-to-Total-Asset Related Terms

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Tele2 AB (Tele2 AB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Tele2 AB (OTCPK:TLTZY) » Definitions » LT-Debt-to-Total-Asset
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OSTO:SINCH OSTO:TELIA OSTO:BAHN B OSTO:BRE2 OSTO:OVZON OSTO:TRANS OSTO:NETEL OSTO:TALK OSTO:TH1NG TMUS SHSE:600941 VZ CMCSA T XTER:DTE TSE:9432 NSE:BHARTIARTL TSE:9984 HKSE:00728 TSE:9433
Traded in Other Exchanges
TLTZF:USA TEL2 B:Sweden TEL2 A:Sweden TEL2Bs:UK 0QE6:UK NCYD:Germany
Address
Torshamnsgatan 17, P.O. Box 462, Kista, Stockholm, SWE, 16494
Website
https://www.tele2.com
Tele2 is the number two telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. During the past decade, Tele2 has shown very good cost discipline and a healthy dividend policy, which we expect to remain.