Alm Brand AS (CHIX:ALMBC) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Alm Brand AS 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. Alm Brand AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Alm Brand AS's long-term debt to total assets ratio declined from Dec. 2023 (0.07) to Dec. 2024 (0.06). It may suggest that Alm Brand AS is progressively becoming less dependent on debt to grow their business.

Alm Brand AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alm Brand AS'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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Alm Brand AS LT-Debt-to-Total-Asset Chart

Alm Brand AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.05

0.07

0.06

Alm Brand AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.04	0.04	0.05	0.06

Alm Brand AS LT-Debt-to-Total-Asset Calculation

Alm Brand AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	2252	/	35435
	=	0.06

Alm Brand AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	2252	/	35435
	=	0.06

Alm Brand AS (CHIX:ALMBc) 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.

Alm Brand AS LT-Debt-to-Total-Asset Related Terms

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Alm Brand AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Alm Brand AS (CHIX:ALMBc) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

0DJI:UK ALMB:Denmark 1AM:Germany

Address

Midtermolen 7, Copenhagen, DNK, DK-2100

Website

https://www.almbrand.dk

Alm Brand AS is a Danish investment holding company. Along with its subsidiaries, it offers insurance solutions, under various brands, to its customers. Its business segments include the personal Lines segment which comprises sales of insurance to private households through its own sales channels and partnerships, the Commercial Lines segment which comprises sales to agricultural and commercial customers through its own sales channels and partnership, and the Non-life insurance segment which is also its key revenue generating segment. Geographically, the company generates the majority of its revenue from Denmark and the rest from North America and other regions.

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