Strax AB (LTS:0RET) Debt-to-Asset : 1.22 (As of Jun. 2024)

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What is Strax AB Debt-to-Asset?

Strax AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr59.1 Mil. Strax AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr6.1 Mil. Strax AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was kr53.3 Mil. Strax AB's debt to asset for the quarter that ended in Jun. 2024 was 1.22.

Strax AB Debt-to-Asset Historical Data

The historical data trend for Strax AB'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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Strax AB Debt-to-Asset Chart

Strax AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.23

0.38

0.40

0.53

0.62

Strax AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.51	0.65	0.62	1.10	1.22

Competitive Comparison of Strax AB's Debt-to-Asset

For the Communication Equipment subindustry, Strax AB'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.

Strax AB's Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Strax AB's Debt-to-Asset distribution charts can be found below:

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

Strax AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Strax AB'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
	=	(134.792	+	0)	/	216.539
	=	0.62

Strax AB's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(59.118	+	6.073)	/	53.327
	=	1.22

Strax AB (LTS:0RET) 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.

Strax AB Debt-to-Asset Related Terms

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Strax AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Strax AB (LTS:0RET) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

STRAX:Sweden NOBC:Germany

Address

Master Samuelsgatan 10, Stockholm, SWE, 111 44

Website

https://www.strax.com

Strax AB is specialized in accessories that empower mobile lifestyles. Its portfolio of branded accessories covers all major mobile accessory categories: Protection, Power, Connectivity, as well as Personal Audio. Its Health & Wellness category offers branded Personal Protection products. Its distribution business reaches a broad customer base, through 70 000 brick and mortar stores around the globe, as well as through online marketplaces and direct-to-consumers. The company's wholly-owned brands include Urbanista, Clckr, Richmond & Finch, Planet Buddies, xqisit, AVO+, Dottir and grell, and licensed brands include adidas, Bugatti, Diesel, Superdry and WeSC. The firm's distribution business also services over 40 other major mobile accessory brands.

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