Cardeon AB (NGM:CARDEO) Debt-to-Asset : 0.05 (As of Dec. 2023)

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What is Cardeon AB Debt-to-Asset?

Cardeon AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr7.20 Mil. Cardeon AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr0.00 Mil. Cardeon AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was kr153.85 Mil. Cardeon AB's debt to asset for the quarter that ended in Dec. 2023 was 0.05.

Cardeon AB Debt-to-Asset Historical Data

The historical data trend for Cardeon AB'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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Cardeon AB Debt-to-Asset Chart

Cardeon AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.28

0.10

0.05

Cardeon AB Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial								0.10	0.31	-	0.06	0.05

Competitive Comparison of Cardeon AB's Debt-to-Asset

For the Asset Management subindustry, Cardeon AB'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.

Cardeon AB's Debt-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cardeon AB's Debt-to-Asset distribution charts can be found below:

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

Cardeon AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cardeon AB'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
	=	(7.2	+	0)	/	153.849
	=	0.05

Cardeon AB's Debt-to-Asset for the quarter 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
	=	(7.2	+	0)	/	153.849
	=	0.05

Cardeon AB (NGM:CARDEO) 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.

Cardeon AB Debt-to-Asset Related Terms

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Cardeon AB (NGM:CARDEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Cardeon AB (NGM:CARDEO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gasverksgatan 3, Lund, SWE, SE-222 29

Website

https://www.cardeon.se

Cardeon AB is an investment company. It primarily invests in Nordic innovative companies and startups within life science.

Cardeon AB (NGM:CARDEO) Headlines

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