Epiroc AB (Epiroc AB) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Epiroc AB 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. Epiroc AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Epiroc AB's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.23). It may suggest that Epiroc AB is progressively becoming more dependent on debt to grow their business.

Epiroc AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Epiroc AB'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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Epiroc AB LT-Debt-to-Total-Asset Chart

Epiroc AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.22

0.18

0.14

0.17

Epiroc AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.15	0.15	0.17	0.23

Epiroc AB LT-Debt-to-Total-Asset Calculation

Epiroc AB'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 )
	=	1152.316	/	6608.173
	=	0.17

Epiroc AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1699.5	/	7485.521
	=	0.23

Epiroc AB (OTCPK:EPOKY) 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.

Epiroc AB LT-Debt-to-Total-Asset Related Terms

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Epiroc AB (Epiroc AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Epiroc AB (OTCPK:EPOKY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EPIPF:USA EPIAF:USA EPI A:Sweden EPI B:Sweden EPIAs:UK 3AD1:Germany

Address

Sickla Industrivag 19, Nacka, Stockholm, SWE, SE-131 54

Website

https://www.epirocgroup.com

Epiroc is a global manufacturer of niche equipment and services used by mining and infrastructure customers. The company's products include hard rock drilling equipment and excavation technologies for underground and surface mining, as well as servicing and spare parts. Approximately 69% of group sales are from the aftermarket, which includes services and the sale of spare parts and consumables. Epiroc was spun out of Atlas Copco and listed as a stand-alone company on the Nasdaq Stockholm in June 2018.

Epiroc AB (Epiroc AB) Headlines

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