AAC Clyde Space AB (FRA:MKC0) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is AAC Clyde Space 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. AAC Clyde Space AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

AAC Clyde Space AB's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that AAC Clyde Space AB is progressively becoming less dependent on debt to grow their business.

AAC Clyde Space AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for AAC Clyde Space 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.

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AAC Clyde Space AB LT-Debt-to-Total-Asset Chart

AAC Clyde Space AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

AAC Clyde Space 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															0.01	0.01	0.01	0.01	0.01

AAC Clyde Space AB LT-Debt-to-Total-Asset Calculation

AAC Clyde Space 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 )
	=	0.907	/	83.888
	=	0.01

AAC Clyde Space 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 )
	=	0.785	/	85.449
	=	0.01

AAC Clyde Space AB (FRA:MKC0) 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.

AAC Clyde Space AB LT-Debt-to-Total-Asset Related Terms

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AAC Clyde Space AB (FRA:MKC0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AAC Clyde Space AB (FRA:MKC0) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ACCMF:USA AAC:Sweden

Address

Dag Hammarskjolds vag 48, Uppsala Science Park, Uppsala, SWE, SE-751 83

Website

https://www.aac-clyde.space

AAC Clyde Space AB is engaged in advanced nanosatellite spacecraft, mission services, and reliable subsystems. The group has six reportable segments: AAC Clyde Space (Swedish operation); Clyde Space (Scottish operation); Hyperion Space (Netherland operation); SpaceQuest, operations in the US; Omnisys Instruments, operations in Gothenburg, Sweden; and AAC Space Africa, operations in South Africa. Its geographical segments are Sweden, the United Kingdom, the Rest of Europe, the United States, Asia, and the Rest of the world.

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