Magnora ASA (FRA:4SM) Debt-to-Asset : 0.21 (As of Sep. 2024)

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What is Magnora ASA Debt-to-Asset?

Magnora ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €11.36 Mil. Magnora ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €0.00 Mil. Magnora ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €53.17 Mil. Magnora ASA's debt to asset for the quarter that ended in Sep. 2024 was 0.21.

Magnora ASA Debt-to-Asset Historical Data

The historical data trend for Magnora ASA's Debt-to-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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Magnora ASA Debt-to-Asset Chart

Magnora ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.15

Magnora ASA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															-	-	-	-	0.21

Competitive Comparison of Magnora ASA's Debt-to-Asset

For the Utilities - Renewable subindustry, Magnora ASA's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Magnora ASA's Debt-to-Asset Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Magnora ASA's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Magnora ASA's Debt-to-Asset falls into.

Magnora ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Magnora ASA's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.026	+	0.078)	/	52.554
	=	0.00

Magnora ASA's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(11.357	+	0)	/	53.165
	=	0.21

Magnora ASA (FRA:4SM) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Magnora ASA Debt-to-Asset Related Terms

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Magnora ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Magnora ASA (FRA:4SM) » Definitions » Debt-to-Asset

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MGNo:Sweden MGN:Norway 0MHQ:UK

Address

Karenslyst Alle 6, Oslo, NOR, 0277

Website

https://www.magnoraasa.com

Magnora ASA is a renewable energy development company, focusing on the development of wind and Solar PV projects. The company's segment includes Corporate and Projects. It generates maximum revenue from the Corporate segment. Geographically, it derives a majority of its revenue from the Norway.

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