Biokraft International AB (OSTO:BIOGAS) LT-Debt-to-Total-Asset : 0.49 (As of Sep. 2023)

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What is Biokraft International AB 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. Biokraft International AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.49.

Biokraft International AB's long-term debt to total assets ratio declined from Sep. 2022 (0.58) to Sep. 2023 (0.49). It may suggest that Biokraft International AB is progressively becoming less dependent on debt to grow their business.

Biokraft International AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Biokraft International AB'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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Biokraft International AB LT-Debt-to-Total-Asset Chart

Biokraft International AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.69

0.46

0.50

0.56

0.47

Biokraft International AB Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.58	0.47	0.49	0.49	0.49

Biokraft International AB LT-Debt-to-Total-Asset Calculation

Biokraft International AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	884.789	/	1874.133
	=	0.47

Biokraft International AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	877.416	/	1809.897
	=	0.48

Biokraft International AB (OSTO:BIOGAS) 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.

Biokraft International AB LT-Debt-to-Total-Asset Related Terms

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Biokraft International AB (OSTO:BIOGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Biokraft International AB (OSTO:BIOGAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

3JE:Germany

Address

KUNGSBRON 1 /KLARABERGSVIADUKTEN 70, ENTRANCE C 8 FLOOR, Stockholm, SWE, 111 22

Website

https://www.biokraft.com

Biokraft International AB is a Nordic greentech company that produces bioenergy and plant nutrition in a circular cycle by recycling organic waste and residual products in large-scale biorefineries. It is one of Northern Europe's largest producers of Bio-LNG.

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