Fortinova Fastigheter AB (FRA:733) LT-Debt-to-Total-Asset : 0.33 (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Fortinova Fastigheter 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. Fortinova Fastigheter AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.33.

Fortinova Fastigheter AB's long-term debt to total assets ratio declined from Sep. 2023 (0.39) to Sep. 2024 (0.33). It may suggest that Fortinova Fastigheter AB is progressively becoming less dependent on debt to grow their business.

Fortinova Fastigheter AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fortinova Fastigheter 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.

* Premium members only.

Fortinova Fastigheter AB LT-Debt-to-Total-Asset Chart

Fortinova Fastigheter AB Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

LT-Debt-to-Total-Asset

0.58

0.41

0.17

0.34

Fortinova Fastigheter AB Quarterly Data
	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.39	0.41	0.31	0.39	0.33

Fortinova Fastigheter AB LT-Debt-to-Total-Asset Calculation

Fortinova Fastigheter AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2021 is calculated as

LT Debt to Total Assets (A: Aug. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2021 )	/	Total Assets (A: Aug. 2021 )
	=	132.005	/	389.237
	=	0.34

Fortinova Fastigheter AB'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 )
	=	151.194	/	458.225
	=	0.33

Fortinova Fastigheter AB (FRA:733) 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.

Fortinova Fastigheter AB LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Fortinova Fastigheter AB's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortinova Fastigheter AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fortinova Fastigheter AB (FRA:733) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FNOVA B:Sweden

Address

Norrgatan 10, Varberg, SWE, 432 41

Website

https://www.fortinova.se

Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

Fortinova Fastigheter AB Headlines

No Headlines