Mowi ASA (CHIX:MOWIO) LT-Debt-to-Total-Asset : 0.26 (As of Sep. 2024)

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What is Mowi ASA 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. Mowi ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.26.

Mowi ASA's long-term debt to total assets ratio declined from Sep. 2023 (0.27) to Sep. 2024 (0.26). It may suggest that Mowi ASA is progressively becoming less dependent on debt to grow their business.

Mowi ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mowi ASA'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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Mowi ASA LT-Debt-to-Total-Asset Chart

Mowi ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.33

0.27

0.29

Mowi ASA 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															0.27	0.29	0.27	0.28	0.26

Mowi ASA LT-Debt-to-Total-Asset Calculation

Mowi ASA'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 )
	=	27521.624	/	94783.54
	=	0.29

Mowi ASA'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 )
	=	24843.444	/	94213.384
	=	0.26

Mowi ASA (CHIX:MOWIo) 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.

Mowi ASA LT-Debt-to-Total-Asset Related Terms

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Mowi ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mowi ASA (CHIX:MOWIo) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MNHVF:USA MHGVY:USA MOWI:Sweden MOWI:Norway 0OAW:UK PND:Germany

Address

Sandviksboder 77A/B, P.O. Box 4102, Bergen, NOR, 5835

Website

https://www.mowi.com

Mowi ASA is a Norway based producer of farmed salmon. It distributes salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. The company operates in three reportable segments which are organized as business areas as well that includes Feed, Farming and Sales & Marketing, Fish feed production, comprises our two feed plants in Norway and Scotland. Farming comprises a single operating segment composed of our farming operations in Norway, Scotland, Canada, Chile, Ireland, the Faroe Islands and Iceland, and our Breeding & Genetics programme. Sales & Marketing is composed of two operating segments Markets and Consumer Products.

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