CTEK AB (OSTO:CTEK) Debt-to-Asset : 0.29 (As of Mar. 2024)

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What is CTEK AB Debt-to-Asset?

CTEK AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr7.3 Mil. CTEK AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr403.0 Mil. CTEK AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr1,422.5 Mil. CTEK AB's debt to asset for the quarter that ended in Mar. 2024 was 0.29.

CTEK AB Debt-to-Asset Historical Data

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

CTEK AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.63

0.58

0.37

0.41

0.34

CTEK AB Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial													0.28	0.29	0.34	0.34	0.29

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

For the Electrical Equipment & Parts subindustry, CTEK 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.

CTEK AB's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CTEK AB's Debt-to-Asset distribution charts can be found below:

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

CTEK AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CTEK 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
	=	(7.1	+	503.4)	/	1516.4
	=	0.34

CTEK AB's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(7.3	+	403)	/	1422.5
	=	0.29

CTEK AB (OSTO:CTEK) 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.

CTEK AB Debt-to-Asset Related Terms

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CTEK AB (OSTO:CTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CTEK AB (OSTO:CTEK) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

1F7:Germany

Address

Rostugnsvägen 3, Vikmanshyttan, SWE, 776 70

Website

https://www.ctekgroup.com

CTEK AB is a global supplier of 12V battery chargers for various vehicles in the premium segment and Sweden's second largest supplier of chargers and accessories for electric vehicle charging.