Nordic Fibreboard AS (OTSE:SKN1T) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Nordic Fibreboard AS 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. Nordic Fibreboard AS's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Nordic Fibreboard AS's long-term debt to total assets ratio increased from Mar. 2023 (0.28) to Mar. 2024 (0.29). It may suggest that Nordic Fibreboard AS is progressively becoming more dependent on debt to grow their business.

Nordic Fibreboard AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nordic Fibreboard AS'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.

* Premium members only.

Nordic Fibreboard AS LT-Debt-to-Total-Asset Chart

Nordic Fibreboard AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.33

0.38

0.31

Nordic Fibreboard AS 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															0.28	0.30	0.30	0.31	0.29

Nordic Fibreboard AS LT-Debt-to-Total-Asset Calculation

Nordic Fibreboard AS'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 )
	=	2.659	/	8.505
	=	0.31

Nordic Fibreboard AS'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 )
	=	2.659	/	9.09
	=	0.29

Nordic Fibreboard AS (OTSE:SKN1T) 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.

Nordic Fibreboard AS LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Nordic Fibreboard AS's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nordic Fibreboard AS (OTSE:SKN1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nordic Fibreboard AS (OTSE:SKN1T) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rääma 31, Parnu, EST, 80044

Website

https://www.nordicfibreboard.com

Nordic Fibreboard AS is a company operating in the business of fiberboard and furniture products. It operates through the business segments of Fibreboard manufacturing and sale; Furniture retail sale and Real Estate Management. The company generates maximum revenue from the Fibreboard manufacturing and sale segment. Fibreboard manufacturing and sale segment include the manufacture of general construction boards based on softwood fibre boards and interior finishing boards in Parnu and Pussi factories and wholesale of those boards. Geographically, it derives a majority of revenue from the European Union and also has a presence in Russia; Asia; Africa; the Middle East and Other.

Nordic Fibreboard AS (OTSE:SKN1T) Headlines

No Headlines