Elmera Group ASA (OSL:ELMRA) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Elmera Group ASA 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. Elmera Group ASA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Elmera Group ASA's long-term debt to total assets ratio increased from Mar. 2023 (0.08) to Mar. 2024 (0.08). It may suggest that Elmera Group ASA is progressively becoming more dependent on debt to grow their business.

Elmera Group ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Elmera Group ASA'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.

* Premium members only.

Elmera Group ASA LT-Debt-to-Total-Asset Chart

Elmera Group ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.07

0.17

0.08

0.05

0.07

Elmera Group ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.08	0.10	0.12	0.07	0.08

Elmera Group ASA LT-Debt-to-Total-Asset Calculation

Elmera Group ASA'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 )
	=	578.562	/	8334.645
	=	0.07

Elmera Group ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	554.471	/	6918.264
	=	0.08

Elmera Group ASA (OSL:ELMRA) 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.

Elmera Group ASA LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Elmera Group ASA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Elmera Group ASA (OSL:ELMRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Elmera Group ASA (OSL:ELMRA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

ENFN RSSS PDFS EGAN MKTW DHX RMNI MITK WFCF AVID NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED

Traded in Other Exchanges

FKRAFTo:Sweden 1ZK:Germany 1ZK:Germany

Address

Folke Bernadottes vei 38, Fyllingsdalen, Bergen, NOR, 5147

Website

https://investor.elmeragroup.no

Elmera Group ASA formerly Fjordkraft Holding ASA is an electric power supply company that serves the private and public sectors along with the residences of Norway. It operates in segments being; Consumer, Business, Nordic and New Growth Initiatives (NGI), which consists of its mobile services business, the alliance segment and the Extended Alliance. The consumer segment comprises the sale of electrical power to private consumers which generates key revenue whilst the latter comprises of sale of electricity to businesses.

Elmera Group ASA (OSL:ELMRA) Headlines

No Headlines