Fortnox AB (OSTO:FNOX) Debt-to-Asset : 0.06 (As of Jun. 2024)

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What is Fortnox AB Debt-to-Asset?

Fortnox AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr41 Mil. Fortnox AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr140 Mil. Fortnox AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was kr3,011 Mil. Fortnox AB's debt to asset for the quarter that ended in Jun. 2024 was 0.06.

Fortnox AB Debt-to-Asset Historical Data

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

Fortnox AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.10

0.19

0.25

0.16

0.06

Fortnox 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															0.11	0.06	0.06	0.05	0.06

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

For the Software - Application subindustry, Fortnox 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.

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

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

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

Fortnox AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Fortnox 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
	=	(33	+	113)	/	2652
	=	0.06

Fortnox 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
	=	(41	+	140)	/	3011
	=	0.06

Fortnox AB (OSTO:FNOX) 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.

Fortnox AB Debt-to-Asset Related Terms

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Fortnox AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortnox AB (OSTO:FNOX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

FNOXs:UK 0G3T:UK 9E80:Germany

Address

Framtidsvagen Street 10A, PO Box 427, Videum Science Park, Vaxjo, SWE, 351 06

Website

https://www.fortnox.se

Fortnox AB provides internet-based business applications that offer products, packages, and integrations to cover a business's financial and administrative needs by creating easy flows in accounting, invoicing, financing, and managing employees. Its segments are Businesses, Accounting Firms, Core Products, Financial Services, and Marketplaces.

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