Admicom Oyj (OHEL:ADMCM) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Admicom Oyj 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. Admicom Oyj's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Admicom Oyj's long-term debt to total assets ratio declined from Dec. 2022 (0.26) to Dec. 2023 (0.10). It may suggest that Admicom Oyj is progressively becoming less dependent on debt to grow their business.

Admicom Oyj LT-Debt-to-Total-Asset Historical Data

The historical data trend for Admicom Oyj'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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Admicom Oyj LT-Debt-to-Total-Asset Chart

Admicom Oyj Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.10

Admicom Oyj Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									-	0.34	0.26	0.11	0.10

Admicom Oyj LT-Debt-to-Total-Asset Calculation

Admicom Oyj'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 )
	=	4.073	/	40.584
	=	0.10

Admicom Oyj'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 )
	=	4.073	/	40.584
	=	0.10

Admicom Oyj (OHEL:ADMCM) 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.

Admicom Oyj LT-Debt-to-Total-Asset Related Terms

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Admicom Oyj (OHEL:ADMCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Admicom Oyj (OHEL:ADMCM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Väinönkatu 26 A 29, Jyväskylä, FIN

Website

https://www.admicom.fi

Admicom Oyj is a system development company. It provides cloud-based, software as a service-based, and adminet enterprise resource planning system to support small and medium-sized companies to improve competitiveness by automating workplace and office routines seamlessly into accounting. The company serves building engineers, and construction and industrial professionals.

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