Ennogie Solar Group AS (LTS:0FXT) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2023)

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What is Ennogie Solar Group AS 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. Ennogie Solar Group AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.21.

Ennogie Solar Group AS's long-term debt to total assets ratio declined from Dec. 2022 (0.32) to Dec. 2023 (0.21). It may suggest that Ennogie Solar Group AS is progressively becoming less dependent on debt to grow their business.

Ennogie Solar Group AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ennogie Solar Group AS'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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Ennogie Solar Group AS LT-Debt-to-Total-Asset Chart

Ennogie Solar Group AS Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.32

0.21

Ennogie Solar Group AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.35	0.29	0.29	0.21

Ennogie Solar Group AS LT-Debt-to-Total-Asset Calculation

Ennogie Solar Group AS'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 )
	=	15.667	/	73.19
	=	0.21

Ennogie Solar Group AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	15.667	/	73.19
	=	0.21

Ennogie Solar Group AS (LTS:0FXT) 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.

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Ennogie Solar Group AS (LTS:0FXT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ennogie Solar Group AS (LTS:0FXT) » Definitions » LT-Debt-to-Total-Asset

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ESG:Denmark B0W:Germany

Address

Christian IX's Street 2, 2, Copenhagen, DNK, 1111

Website

https://www.ennogiesolargroup.com

Ennogie Solar Group AS is a developer and manufacturer of building-integrated solar roofs. The design of the Ennogie solar roof matches well both for new constructions and older buildings.

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