Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Svenska Nyttobostader 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. Svenska Nyttobostader AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Svenska Nyttobostader AB's long-term debt to total assets ratio declined from Mar. 2023 (0.58) to Mar. 2024 (0.21). It may suggest that Svenska Nyttobostader AB is progressively becoming less dependent on debt to grow their business.

Svenska Nyttobostader AB LT-Debt-to-Total-Asset Historical Data

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

Svenska Nyttobostader AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.50

0.61

0.52

0.59

Svenska Nyttobostader AB Quarterly Data
	Jun19	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														0.58	0.29	0.23	0.19	0.21

Svenska Nyttobostader AB LT-Debt-to-Total-Asset Calculation

Svenska Nyttobostader 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 )
	=	2945	/	5023
	=	0.59

Svenska Nyttobostader 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 )
	=	1462	/	7028
	=	0.21

Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) 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.

Svenska Nyttobostader AB LT-Debt-to-Total-Asset Related Terms

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Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

NYTTO:Sweden 62W:Germany

Address

Regeringsgatan 59, Stockholm, SWE, 111 59

Website

https://www.nyttobostader.se

Svenska Nyttobostader AB owns and manages newly constructed residential properties in Stockholm. The company offer its properties to private individuals, companies and authorities on rent.

Svenska Nyttobostader AB (OSTO:NYTTO.PREF.PFD) Headlines

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