Romerike Sparebank (OSL:ROMER) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Romerike Sparebank 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. Romerike Sparebank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Romerike Sparebank's long-term debt to total assets ratio increased from Mar. 2023 (0.22) to Mar. 2024 (0.24). It may suggest that Romerike Sparebank is progressively becoming more dependent on debt to grow their business.

Romerike Sparebank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Romerike Sparebank'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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Romerike Sparebank LT-Debt-to-Total-Asset Chart

Romerike Sparebank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.28

0.23

0.21

0.25

Romerike Sparebank 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															0.22	0.23	0.23	0.25	0.24

Romerike Sparebank LT-Debt-to-Total-Asset Calculation

Romerike Sparebank'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 )
	=	4189.142	/	16703.081
	=	0.25

Romerike Sparebank'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 )
	=	3914.552	/	16416.627
	=	0.24

Romerike Sparebank (OSL:ROMER) 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.

Romerike Sparebank LT-Debt-to-Total-Asset Related Terms

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Romerike Sparebank (OSL:ROMER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Romerike Sparebank (OSL:ROMER) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Torvet 5, Lillestrom, NOR

Website

https://www.rsbank.no

Romerike Sparebank provides banking and financial services in Norway. It provides its services to local residents, private individuals, SMEs, and companies. It offers Bank guarantee, Construction loans, Establishment loan, Overdraft, Health insurance, Homeowners insurance, Home insurance agriculture, Craftsman insurance, Commercial vehicle and Business insurance among others.

Romerike Sparebank (OSL:ROMER) Headlines

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