Niutech Group (NGM:NIUTEC) Debt-to-Asset : 0.16 (As of Sep. 2024)

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What is Niutech Group Debt-to-Asset?

Niutech Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr24.3 Mil. Niutech Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was kr19.4 Mil. Niutech Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was kr278.1 Mil. Niutech Group's debt to asset for the quarter that ended in Sep. 2024 was 0.16.

Niutech Group Debt-to-Asset Historical Data

The historical data trend for Niutech Group'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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Niutech Group Debt-to-Asset Chart

Niutech Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.08

0.10

Niutech Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial											-	0.10	0.16	0.16	0.16

Competitive Comparison of Niutech Group's Debt-to-Asset

For the Solar subindustry, Niutech Group'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.

Niutech Group's Debt-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Niutech Group's Debt-to-Asset distribution charts can be found below:

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

Niutech Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Niutech Group'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
	=	(7.651	+	20.345)	/	268.382
	=	0.10

Niutech Group'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
	=	(24.262	+	19.424)	/	278.126
	=	0.16

Niutech Group (NGM:NIUTEC) 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.

Niutech Group Debt-to-Asset Related Terms

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Niutech Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Niutech Group (NGM:NIUTEC) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

Segelbatsvagen 7, Stockholm, SWE, 11264

Website

https://www.niutech.se

Niutech Group sells and installs innovative solutions within green digital infrastructure that accelerate the transition to efficient and fossil-free energy solutions. It offer includes solutions within digital infrastructure, solar energy and electrical installation.

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