BKFKF (Bakkafrost P/F) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)

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What is Bakkafrost P/F LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Bakkafrost P/F's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

Bakkafrost P/F's long-term debt to total assets ratio increased from Sep. 2023 (0.22) to Sep. 2024 (0.22). It may suggest that Bakkafrost P/F is progressively becoming more dependent on debt to grow their business.

Bakkafrost P/F LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bakkafrost P/F's LT-Debt-to-Total-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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Bakkafrost P/F LT-Debt-to-Total-Asset Chart

Bakkafrost P/F Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.19

0.20

0.22

0.24

Bakkafrost P/F Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.24	0.22	0.22	0.22

Bakkafrost P/F LT-Debt-to-Total-Asset Calculation

Bakkafrost P/F's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	625.565	/	2610.341
	=	0.24

Bakkafrost P/F's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	567.149	/	2569.018
	=	0.22

Bakkafrost P/F (OTCPK:BKFKF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Bakkafrost P/F LT-Debt-to-Total-Asset Related Terms

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Bakkafrost P/F Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkafrost P/F (OTCPK:BKFKF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BKFKY:USA BAKKAO:Sweden BAKKA:Norway BAKKAo:UK 0MQ2:UK 6BF:Germany

Address

Bakkavegur 9, P.O. Box 221, Glyvrar, FRO, FO-625

Website

https://www.bakkafrost.com

Bakkafrost P/F is a salmon producer based in the Faroe Islands. The company's activities include farming, harvesting, packaging, processing, and sales. The salmon products consist of whole salmon, frozen salmon portions, salmon heads, backbones, belly flaps, and salmon skin. Bakkafrost divides its operations into segments namely, Fishmeal, oil and feed segment, Freshwater FO segment, Farming FO segment, Freshwater SCT segment, Farming SCT segment, services, sales, and others. Geographically, the company derives maximum revenue from Western Europe.