Nitro Games (OSTO:NITRO) Debt-to-Asset : 0.43 (As of Mar. 2025)

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What is Nitro Games Debt-to-Asset?

Nitro Games's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was kr0.5 Mil. Nitro Games's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was kr31.5 Mil. Nitro Games's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2025 was kr73.6 Mil. Nitro Games's debt to asset for the quarter that ended in Mar. 2025 was 0.43.

Nitro Games Debt-to-Asset Historical Data

The historical data trend for Nitro Games'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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Nitro Games Debt-to-Asset Chart

Nitro Games Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.56

0.25

0.45

0.25

0.39

Nitro Games Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Debt-to-Asset	Get a 7-Day Free Trial															0.46	0.45	0.33	0.39	0.43

Competitive Comparison of Nitro Games's Debt-to-Asset

For the Electronic Gaming & Multimedia subindustry, Nitro Games'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.

Nitro Games's Debt-to-Asset Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Nitro Games's Debt-to-Asset distribution charts can be found below:

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

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Nitro Games Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nitro Games's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(0.598	+	33.047)	/	86.73
	=	0.39

Nitro Games's Debt-to-Asset for the quarter that ended in Mar. 2025 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.471	+	31.45)	/	73.602
	=	0.43

Nitro Games (OSTO:NITRO) 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.

Nitro Games Debt-to-Asset Related Terms

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Nitro Games Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Nitro Games PLC (OSTO:NITRO) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

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Address

Juha Vainion katu 2, Kotka, FIN, 48100

Website

https://www.nitrogames.com

Nitro Games PLC is a free-to-play mobile game developer and publisher. The company develops and publishes games for international distribution and sells its expertise as a service to international gaming players as part of its services business. The company specializes in action and shooter games. It has developed games such as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove, Raids of Glory, and many more. Geographically, the company generates the majority of its revenue from North America. The company also generates revenue from the EU, the United Kingdom, and Other countries.

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