AB Ignitis Grupe (FRA:IGV0) Debt-to-Asset : 0.31 (As of Mar. 2024)

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What is AB Ignitis Grupe Debt-to-Asset?

AB Ignitis Grupe's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €73 Mil. AB Ignitis Grupe's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €1,564 Mil. AB Ignitis Grupe's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €5,328 Mil. AB Ignitis Grupe's debt to asset for the quarter that ended in Mar. 2024 was 0.31.

AB Ignitis Grupe Debt-to-Asset Historical Data

The historical data trend for AB Ignitis Grupe's Debt-to-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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AB Ignitis Grupe Debt-to-Asset Chart

AB Ignitis Grupe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.35

0.33

0.32

0.31

AB Ignitis Grupe Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.31	0.34	0.32	0.31	0.31

Competitive Comparison of AB Ignitis Grupe's Debt-to-Asset

For the Utilities - Diversified subindustry, AB Ignitis Grupe's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AB Ignitis Grupe's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AB Ignitis Grupe's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where AB Ignitis Grupe's Debt-to-Asset falls into.

AB Ignitis Grupe Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

AB Ignitis Grupe's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(69.7	+	1563.5)	/	5244.4
	=	0.31

AB Ignitis Grupe's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(73.4	+	1563.6)	/	5327.5
	=	0.31

AB Ignitis Grupe (FRA:IGV0) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

AB Ignitis Grupe Debt-to-Asset Related Terms

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AB Ignitis Grupe (FRA:IGV0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AB Ignitis Grupe (FRA:IGV0) » Definitions » Debt-to-Asset

Traded in Other Exchanges

IGN1L:Lithuania IGN:UK

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

AB Ignitis Grupe is a utility and renewable energy company in the Baltic region. The group's core business is focused on operating electricity and gas distribution networks. It operates in four segments: Customers & Solutions, which is into electricity and gas supply, trading and balancing, energy efficiency projects, construction of solar power plants for businesses and residents, installation and operation of electric vehicle charging stations, and energy solutions; Networks segment, which is engaged in the operation, maintenance, management and development of electricity and gas distribution networks; Green Generation segment; and Flexible Generation segment. The vast majority of the revenue comes from the Customers & Solutions and Network segments.

AB Ignitis Grupe (FRA:IGV0) Headlines

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