Everfuel AS (FRA:0HR) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Everfuel 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. Everfuel AS's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Everfuel AS's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.02). It may suggest that Everfuel AS is progressively becoming less dependent on debt to grow their business.

Everfuel AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Everfuel 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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Everfuel AS LT-Debt-to-Total-Asset Chart

Everfuel AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.12

0.02

Everfuel AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.02	0.02	0.02	0.02

Everfuel AS LT-Debt-to-Total-Asset Calculation

Everfuel AS'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 )
	=	2.33	/	111.191
	=	0.02

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	2.204	/	101.419
	=	0.02

Everfuel AS (FRA:0HR) 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.

Everfuel AS LT-Debt-to-Total-Asset Related Terms

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Everfuel AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Everfuel AS (FRA:0HR) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Ost Hogildvej 4A, Herning, DNK, 7400

Website

https://www.everfuel.com

Everfuel AS owns and operates green hydrogen infrastructure and partners with vehicle OEMs to connect the entire hydrogen value chain and provide hydrogen fuel to enterprise customers under long-term contracts. The company operates hydrogen production (electrolyzers), hydrogen distribution, and hydrogen stations, serving mobility customers and industrial stakeholders with hydrogen on competitive, commercial terms. It offers all-inclusive hydrogen fueling solutions to buses, trucks, and taxis and delivery to vans, trains, private cars, and marine, as well as for industry stakeholders working with alternative hydrogen-based green fuels and Power to X-products.

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