CodeMill AB (OSTO:CDMIL) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is CodeMill 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. CodeMill AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

CodeMill AB's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Mar. 2024 (0.03). It may suggest that CodeMill AB is progressively becoming less dependent on debt to grow their business.

CodeMill AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for CodeMill 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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CodeMill AB LT-Debt-to-Total-Asset Chart

CodeMill AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.16

0.07

0.06

0.04

CodeMill AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.06	0.05	0.06	0.04	0.03

CodeMill AB LT-Debt-to-Total-Asset Calculation

CodeMill AB'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 )
	=	2.931	/	81.185
	=	0.04

CodeMill AB'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 )
	=	2.43	/	89.138
	=	0.03

CodeMill AB (OSTO:CDMIL) 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.

CodeMill AB LT-Debt-to-Total-Asset Related Terms

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CodeMill AB (OSTO:CDMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CodeMill AB (OSTO:CDMIL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Ersmarksgatan 7, Umea, SWE, 903 36

Website

https://www.codemill.se

CodeMill AB is a technology company that offers software development and technical services for video and media companies. Codemill's customers are several of the major Hollywood players including ViacomCBS, TV companies such as BBC, ITV and ProSieben.Sat1, VOD / OTT platforms such as Joyn, as well as publishers and brands such as The Guardian.

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