Sogn Sparebank (OSL:SOGN) Debt-to-Asset : 0.10 (As of Mar. 2024)

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What is Sogn Sparebank Debt-to-Asset?

Sogn Sparebank's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0.0 Mil. Sogn Sparebank's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr753.5 Mil. Sogn Sparebank's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr7,747.0 Mil. Sogn Sparebank's debt to asset for the quarter that ended in Mar. 2024 was 0.10.

Sogn Sparebank Debt-to-Asset Historical Data

The historical data trend for Sogn Sparebank'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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Sogn Sparebank Debt-to-Asset Chart

Sogn Sparebank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.06

0.07

0.84

0.82

0.83

Sogn Sparebank 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															0.08	0.07	0.11	0.83	0.10

Competitive Comparison of Sogn Sparebank's Debt-to-Asset

For the Banks - Regional subindustry, Sogn Sparebank'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.

Sogn Sparebank's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sogn Sparebank's Debt-to-Asset distribution charts can be found below:

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

Sogn Sparebank Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sogn Sparebank'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
	=	(0	+	6464.927)	/	7764.833
	=	0.83

Sogn Sparebank'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
	=	(0	+	753.467)	/	7747.03
	=	0.10

Sogn Sparebank (OSL:SOGN) 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.

Sogn Sparebank Debt-to-Asset Related Terms

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Sogn Sparebank (OSL:SOGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sogn Sparebank (OSL:SOGN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

State Council Evensensveg 8, Årdalstangen, NOR, 6885

Website

https://indresognsparebank.no

Sogn Sparebank operates as a local bank. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

Sogn Sparebank (OSL:SOGN) Headlines

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