Elecster Oyj (OHEL:ELEAV) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2023)

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What is Elecster 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. Elecster Oyj's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.21.

Elecster Oyj's long-term debt to total assets ratio declined from Dec. 2021 (0.24) to Mar. 2023 (0.21). It may suggest that Elecster Oyj is progressively becoming less dependent on debt to grow their business.

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

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

Elecster Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.21

0.22

Elecster Oyj Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.21	0.21	0.22

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

Elecster 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 )
	=	10.558	/	48.019
	=	0.22

Elecster Oyj's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	10.536	/	50.644
	=	0.21

Elecster Oyj (OHEL:ELEAV) 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.

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

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Elecster Oyj (OHEL:ELEAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elecster Oyj (OHEL:ELEAV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sontulantie 382, PL 39, Akaa, FIN, 37801

Website

http://www.elecster.fi

Elecster Oyj operates as an engineering and manufacturer of dairy machinery and packaging material. It is involved in the supply of product such as ultra-high temperature lines, sterilizers, aseptic, extended shelf life, and pasteurized pouch filling machines, autopackers and related economical and ecological packaging materials. Geographically, the activities are operated through Finland and it also owns packaging material production lines in Finland.

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