GreenMobility AS (FRA:2G9) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2024)

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What is GreenMobility 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. GreenMobility AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.38.

GreenMobility AS's long-term debt to total assets ratio declined from Dec. 2023 (0.60) to Dec. 2024 (0.38). It may suggest that GreenMobility AS is progressively becoming less dependent on debt to grow their business.

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

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

GreenMobility AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.38

0.27

0.46

0.60

0.38

GreenMobility AS Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.46	0.50	0.60	0.61	0.38

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

GreenMobility 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 )
	=	8.439	/	22.389
	=	0.38

GreenMobility 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 )
	=	8.439	/	22.389
	=	0.38

GreenMobility AS (FRA:2G9) 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.

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

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GreenMobility AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GreenMobility AS (FRA:2G9) » Definitions » LT-Debt-to-Total-Asset

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GREENM:Denmark

Address

Landgreven 3, 4. floor, Copenhagen, DNK, 1301

Website

https://www.greenmobility.com

GreenMobility AS offers modern urbanites easy, flexible and sustainable transport in the form of electric, shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per minute, through minute packages, or on daily basis. GreenMobility operates a total of 1600 EVs in Copenhagen, Aarhus, Malmo, Gothenburg, Antwerp, Gent and Helsinki. More than 200,000 people have signed up with GreenMobility. The company sees a rapidly growing market for car sharing in large cities that demand green transport for their citizens and to reduce the number of private cars. Geographically it derives key revenue from domestic sales in Denmark.

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