GomSpace Group AB (OSTO:GOMX) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2023)

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What is GomSpace Group 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. GomSpace Group AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.25.

GomSpace Group AB's long-term debt to total assets ratio increased from Sep. 2022 (0.12) to Sep. 2023 (0.25). It may suggest that GomSpace Group AB is progressively becoming more dependent on debt to grow their business.

GomSpace Group AB LT-Debt-to-Total-Asset Historical Data

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

GomSpace Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.04

0.14

0.11

0.08

0.12

GomSpace Group AB Quarterly Data
	Dec18	Mar19	Jun19	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															0.12	0.12	0.25	0.23	0.25

GomSpace Group AB LT-Debt-to-Total-Asset Calculation

GomSpace Group 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 )
	=	39.267	/	334.172
	=	0.12

GomSpace Group 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 )
	=	84.358	/	342.202
	=	0.25

GomSpace Group AB (OSTO:GOMX) 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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GomSpace Group AB (OSTO:GOMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GomSpace Group AB (OSTO:GOMX) » Definitions » LT-Debt-to-Total-Asset

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1G2:Germany

Address

Ulls Vag 29A, Uppsala, SWE, SE-756 51

Website

https://gomspace.com

GomSpace Group AB develops and commercializes nano-satellites. It provides turn-key solutions to enable space-based businesses including solutions for IoT, communication, tracking, surveillance, and remote sensing. The company also offers professional nano-satellite turn-key solutions, platforms, commercial off the shelf sub-systems, software modules, and off-the-shelf payloads for tracking or deliver payloads to customer requirements based on radio technology building blocks. Its business areas are Academia, Commercial, Defense, and Science operating geographically in Sweden, Denmark, other parts of Europe, the United States, Asia and Rest of the world. The company earns Majority of its revenue comes from Denmark.

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