Coala-Life Group AB (LTS:0QEN) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2023)

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What is Coala-Life Group 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. Coala-Life Group AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.02.

Coala-Life Group AB's long-term debt to total assets ratio increased from Sep. 2022 (0.01) to Sep. 2023 (0.02). It may suggest that Coala-Life Group AB is progressively becoming more dependent on debt to grow their business.

Coala-Life Group AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coala-Life Group 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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Coala-Life Group AB LT-Debt-to-Total-Asset Chart

Coala-Life Group AB Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

LT-Debt-to-Total-Asset

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0.36

0.34

0.38

0.62

0.01

Coala-Life Group AB Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.03	0.02	0.02	0.02

Coala-Life Group AB LT-Debt-to-Total-Asset Calculation

Coala-Life Group AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0.614	/	80.17
	=	0.01

Coala-Life Group AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1.9	/	105.8
	=	0.02

Coala-Life Group AB (LTS:0QEN) 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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Coala-Life Group AB (LTS:0QEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Coala-Life Group AB (LTS:0QEN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

COALA:Sweden RBR:Germany

Address

Kalsangsgrand 10B, Uppsala, SWE, 753 19

Website

https://www.coalalife.com

Coala-Life Group AB is a Swedish medical technology and life science company focusing on heart diagnostics and digital health. The company has developed a cloud-based remote monitoring device to digitally diagnose heart and lung diseases and can be used prior to a procedure and help physicians identify potential surgical risks.

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