Orron Energy AB (LTS:0NNR) LT-Debt-to-Total-Asset : 0.14 (As of Jun. 2024)

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What is Orron Energy 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. Orron Energy AB's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.14.

Orron Energy AB's long-term debt to total assets ratio declined from Jun. 2023 (0.18) to Jun. 2024 (0.14). It may suggest that Orron Energy AB is progressively becoming less dependent on debt to grow their business.

Orron Energy AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Orron Energy 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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Orron Energy AB LT-Debt-to-Total-Asset Chart

Orron Energy AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.63

0.60

0.06

0.23

Orron Energy AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.20	0.23	0.23	0.14

Orron Energy AB LT-Debt-to-Total-Asset Calculation

Orron Energy 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 )
	=	1283.039	/	5600.851
	=	0.23

Orron Energy AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	708.917	/	5012.086
	=	0.14

Orron Energy AB (LTS:0NNR) 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.

Orron Energy AB LT-Debt-to-Total-Asset Related Terms

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Orron Energy AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Orron Energy AB (LTS:0NNR) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ORRON:Sweden LYV:Germany

Address

Hovslagargatan 5, Stockholm, SWE, 111 48

Website

https://www.orron.com

Orron Energy AB is an independent renewable energy company, with high-quality and low-cost wind and hydro assets in the Nordics. Orron Energy's core portfolio consists of quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, France and Germany.

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