Novaturas AB (OVSE:NTU1L) Debt-to-Asset : 0.18 (As of Dec. 2023)

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What is Novaturas AB Debt-to-Asset?

Novaturas AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.9 Mil. Novaturas AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €8.2 Mil. Novaturas AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was €49.9 Mil. Novaturas AB's debt to asset for the quarter that ended in Dec. 2023 was 0.18.

Novaturas AB Debt-to-Asset Historical Data

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

Novaturas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.13

0.33

0.17

0.18

Novaturas AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.17	0.09	0.19	0.13	0.18

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

For the Travel Services subindustry, Novaturas 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.

Novaturas AB's Debt-to-Asset Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Novaturas AB's Debt-to-Asset distribution charts can be found below:

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

Novaturas AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Novaturas 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
	=	(0.908	+	8.175)	/	49.853
	=	0.18

Novaturas AB's Debt-to-Asset for the quarter 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
	=	(0.908	+	8.175)	/	49.853
	=	0.18

Novaturas AB (OVSE:NTU1L) 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.

Novaturas AB Debt-to-Asset Related Terms

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Novaturas AB (OVSE:NTU1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Novaturas AB (OVSE:NTU1L) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NTU:Poland

Address

A. Mickeviciaus g. 27, Kaunas, LTU, LT-44245

Website

https://www.novaturasgroup.com

Novaturas AB is an organizer of recreational and sightseeing tours in the Baltic States. Its business segments include Flight package tours, Sightseeing tours by plane, Sightseeing tours by coach, and Others. The company takes care of holiday and sightseeing tours by charter flights, sightseeing tours to far destinations and bus tours. It offers various traveling-related services including flight tickets and hotel bookings.

Novaturas AB (OVSE:NTU1L) Headlines

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