Nordic Mining ASA (OSL:NOM) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Nordic Mining 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. Nordic Mining ASA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Nordic Mining ASA's long-term debt to total assets ratio declined from Mar. 2023 (0.37) to Mar. 2024 (0.29). It may suggest that Nordic Mining ASA is progressively becoming less dependent on debt to grow their business.

Nordic Mining ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nordic Mining 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.

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Nordic Mining ASA LT-Debt-to-Total-Asset Chart

Nordic Mining ASA Annual Data

Trend

Dec14

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Dec20

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Dec23

LT-Debt-to-Total-Asset

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0.29

Nordic Mining 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															0.37	0.36	0.36	0.29	0.29

Nordic Mining ASA LT-Debt-to-Total-Asset Calculation

Nordic Mining 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 )
	=	902.648	/	3130.187
	=

Nordic Mining 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 )
	=	970.873	/	3378.234
	=

Nordic Mining ASA (OSL:NOM) 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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Nordic Mining ASA (OSL:NOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordic Mining ASA (OSL:NOM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NOMO:Sweden 7NM:Germany

Address

Vika Atrium, Munkedamsveien 45, Entrance A - 5th Floor, Oslo, NOR, N-0250

Website

https://www.nordicmining.com

Nordic Mining ASA and its subsidiaries are engaged in exploration, extraction, and production of high-end industrial minerals and metals. The company's reportable segments are Titanium and Garnet. The company's project includes Engebo rutile and garnet project.