Cardeon AB (NGM:CARDEO) Debt-to-Asset : 0.00 (As of Jun. 2026)

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What is Cardeon AB Debt-to-Asset?

Cardeon AB NGM:CARDEO -8.22% Debt-to-Asset is 0.00 as of Jun. 2026. The stock has 5 warning signs investors should review.

Cardeon AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr0.00 Mil. Cardeon AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr0.00 Mil. Cardeon AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2026 was kr46.39 Mil. Cardeon AB's debt to asset for the quarter that ended in Jun. 2026 was 0.00.

Cardeon AB  (NGM:CARDEO) 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.

Cardeon AB Debt-to-Asset Related Terms

Cardeon AB Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Cardeon 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.

Cardeon AB Debt-to-Asset Chart

Cardeon AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.05 0.02 0.01

Cardeon AB Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.02 0.02 0.01 0.00

NGM:CARDEO vs BLK, BX, KKR: Debt-to-Asset Comparison

For the Asset Management subindustry, Cardeon 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.

Cardeon AB Debt-to-Asset vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Cardeon AB's Debt-to-Asset distribution charts can be found below:

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


Cardeon AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cardeon AB's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.421 + 0) / 49.052
=0.01

Cardeon AB's Debt-to-Asset for the quarter that ended in Jun. 2026 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 + 0) / 46.39
=0.00

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.00 mean?
Cardeon AB (NGM:CARDEO) has a Debt-to-Asset of 0.00 as of Jun. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Cardeon AB and its competitors.
Is Cardeon AB's Debt-to-Asset too high?
Cardeon AB's current Debt-to-Asset is 0.00.
How does Cardeon AB's Debt-to-Asset compare to BLK and BX?
Cardeon AB's Debt-to-Asset of 0.00 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for an Asset Management company?
A good Debt-to-Asset depends on the Asset Management industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Cardeon AB and its competitors. Cardeon AB's current Debt-to-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cardeon AB stock overvalued right now?
Based on GuruFocus' analysis, Cardeon AB (NGM:CARDEO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.01, compared to a current price of kr0.07 — trading 570% above its estimated fair value. The current Debt-to-Asset is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Cardeon AB (NGM:CARDEO), the current Debt-to-Asset is 0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cardeon AB Business Description

Address Gasverksgatan 3, Lund, SWE, SE-222 29
Cardeon AB is an investment company. It primarily invests in Nordic innovative companies and startups within life science.