Nowonomics AB (NGM:NOWO.TO2) Debt-to-Asset : 0.49 (As of Sep. 2023)

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What is Nowonomics AB Debt-to-Asset?

Nowonomics AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr15.00 Mil. Nowonomics AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was kr0.00 Mil. Nowonomics AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was kr30.85 Mil. Nowonomics AB's debt to asset for the quarter that ended in Sep. 2023 was 0.49.

Nowonomics AB Debt-to-Asset Historical Data

The historical data trend for Nowonomics 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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Nowonomics AB Debt-to-Asset Chart

Nowonomics AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

0.64

0.05

0.69

0.41

Nowonomics AB Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial								0.35	0.41	0.39	0.34	0.49

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

For the Software - Application subindustry, Nowonomics 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.

Nowonomics AB's Debt-to-Asset Distribution in the Software Industry

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

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

Nowonomics AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nowonomics AB's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(19.4	+	0)	/	47.435
	=	0.41

Nowonomics AB's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(15	+	0)	/	30.85
	=	0.49

Nowonomics AB (NGM:NOWO.TO2) 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.

Nowonomics AB Debt-to-Asset Related Terms

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Nowonomics AB (NGM:NOWO.TO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nowonomics AB (NGM:NOWO.TO2) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NOWO:Sweden

Address

Artillerigatan 42, Stockholm, SWE, 114 45

Website

https://www.nowo.se

Nowonomics AB is a savings platform whose purpose is to help you as a user to get a better personal finances. It aims to promote savings before retirement and therefore develops its own tools and solutions together with partners to simplify, educate and help members to have a better financial situation.

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