Sparebanken More (OSL:MORG) Debt-to-Asset : 0.40 (As of Mar. 2024)

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What is Sparebanken More Debt-to-Asset?

Sparebanken More's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr0 Mil. Sparebanken More's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr40,149 Mil. Sparebanken More's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr99,372 Mil. Sparebanken More's debt to asset for the quarter that ended in Mar. 2024 was 0.40.

Sparebanken More Debt-to-Asset Historical Data

The historical data trend for Sparebanken More'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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Sparebanken More Debt-to-Asset Chart

Sparebanken More Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.40

0.39

0.40

Sparebanken More Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.42	0.42	0.40	0.40	0.40

Competitive Comparison of Sparebanken More's Debt-to-Asset

For the Banks - Regional subindustry, Sparebanken More'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.

Sparebanken More's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sparebanken More's Debt-to-Asset distribution charts can be found below:

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

Sparebanken More Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sparebanken More'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	+	38754)	/	96735
	=	0.40

Sparebanken More'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
	=	(0	+	40149)	/	99372
	=	0.40

Sparebanken More (OSL:MORG) 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.

Sparebanken More Debt-to-Asset Related Terms

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Sparebanken More (OSL:MORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sparebanken More (OSL:MORG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MORGo:UK

Address

Kipervikgata 6, Ålesund, NOR, 6003

Website

https://www.sbm.no

Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, saving accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services as well as insurance industries. It firm manages its business into three segments Corporate, Retail, and Real estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.

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