Goodtech ASA (OSL:GOD) Debt-to-Asset : 0.13 (As of Mar. 2024)

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What is Goodtech ASA Debt-to-Asset?

Goodtech ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr37.4 Mil. Goodtech ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr34.5 Mil. Goodtech ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr572.3 Mil. Goodtech ASA's debt to asset for the quarter that ended in Mar. 2024 was 0.13.

Goodtech ASA Debt-to-Asset Historical Data

The historical data trend for Goodtech ASA'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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Goodtech ASA Debt-to-Asset Chart

Goodtech ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.16

0.18

0.20

0.17

0.10

Goodtech ASA Quarterly Data
	Jun19	Sep19	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															0.20	0.20	0.15	0.10	0.13

Competitive Comparison of Goodtech ASA's Debt-to-Asset

For the Engineering & Construction subindustry, Goodtech ASA'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.

Goodtech ASA's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Goodtech ASA's Debt-to-Asset distribution charts can be found below:

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

Goodtech ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Goodtech ASA'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
	=	(16.7	+	39.5)	/	580.3
	=	0.10

Goodtech ASA'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
	=	(37.4	+	34.5)	/	572.3
	=	0.13

Goodtech ASA (OSL:GOD) 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.

Goodtech ASA Debt-to-Asset Related Terms

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Goodtech ASA (OSL:GOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Goodtech ASA (OSL:GOD) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

6FO:Germany

Address

Innspurten 15, Oslo, NOR, 0663

Website

http://www.goodtech.no

Goodtech ASA provides technical solutions in the field of electric, power technology and infrastructure. It also supplies automation products and streamlining solutions worldwide.

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