Netel Holding AB (OSTO:NETEL) Debt-to-Asset : 0.34 (As of Mar. 2024)

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What is Netel Holding AB Debt-to-Asset?

Netel Holding AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr51 Mil. Netel Holding AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr965 Mil. Netel Holding AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr2,967 Mil. Netel Holding AB's debt to asset for the quarter that ended in Mar. 2024 was 0.34.

Netel Holding AB Debt-to-Asset Historical Data

The historical data trend for Netel Holding 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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Netel Holding AB Debt-to-Asset Chart

Netel Holding AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.32

0.26

0.28

0.35

0.34

Netel Holding AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial												0.37	0.35	0.34	0.34	0.34

Competitive Comparison of Netel Holding AB's Debt-to-Asset

For the Engineering & Construction subindustry, Netel Holding 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.

Netel Holding AB's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Netel Holding AB's Debt-to-Asset distribution charts can be found below:

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

Netel Holding AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Netel Holding 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
	=	(53	+	1003)	/	3146
	=	0.34

Netel Holding 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
	=	(51	+	965)	/	2967
	=	0.34

Netel Holding AB (OSTO:NETEL) 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.

Netel Holding AB Debt-to-Asset Related Terms

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Netel Holding AB (OSTO:NETEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Netel Holding AB (OSTO:NETEL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

2CR:Germany

Address

Fagelviksvagen 9, 7th Floor, Stockholm, SWE, SE-145 84

Website

https://www.netelgroup.com

Netel Holding AB is a specialist in critical infrastructure projects and services. It offers customers efficient, high-quality infrastructure projects and services through its extensive experience, broad geographical presence, and decentralized organization. It caters to industry players in power, telecommunications, and heating as well as water and sewage in carrying out projects as well as services and maintenance. The Group has five operating segments: Sweden, Norway, Finland, Germany, and the United Kingdom, out of which the company earns a majority of its revenue from Sweden.

Netel Holding AB (OSTO:NETEL) Headlines

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