Ignitis Group AB (OVSE:IGN1L) Debt-to-Asset : 0.32 (As of Dec. 2024)

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What is Ignitis Group AB Debt-to-Asset?

Ignitis Group AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €67 Mil. Ignitis Group AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was €1,780 Mil. Ignitis Group AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was €5,706 Mil. Ignitis Group AB's debt to asset for the quarter that ended in Dec. 2024 was 0.32.

Ignitis Group AB Debt-to-Asset Historical Data

The historical data trend for Ignitis Group 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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Ignitis Group AB Debt-to-Asset Chart

Ignitis Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.33

0.32

0.31

0.32

Ignitis Group AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.31	0.31	0.31	0.30	0.32

Competitive Comparison of Ignitis Group AB's Debt-to-Asset

For the Utilities - Diversified subindustry, Ignitis Group 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.

Ignitis Group AB's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ignitis Group AB's Debt-to-Asset distribution charts can be found below:

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

Ignitis Group AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ignitis Group AB'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
	=	(67.1	+	1779.7)	/	5706
	=	0.32

Ignitis Group AB's Debt-to-Asset for the quarter 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
	=	(67.1	+	1779.7)	/	5706
	=	0.32

Ignitis Group AB (OVSE:IGN1L) 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.

Ignitis Group AB Debt-to-Asset Related Terms

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Ignitis Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ignitis Group AB (OVSE:IGN1L) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

IGN:UK IGV0:Germany

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

Ignitis Group AB is engaged in green electricity generation and development of green and flexible technologies, energy distribution and supply, development of energy-smart solutions and other related activities. It is focusing on green generation and green flexibility technologies: onshore and offshore wind, batteries, pumped-storage hydro and power-to-X (P2X).

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