Vitec Software Group AB (FRA:7VS) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Vitec Software Group 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. Vitec Software Group AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Vitec Software Group AB's long-term debt to total assets ratio declined from Sep. 2023 (0.26) to Sep. 2024 (0.18). It may suggest that Vitec Software Group AB is progressively becoming less dependent on debt to grow their business.

Vitec Software Group AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vitec Software Group 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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Vitec Software Group AB LT-Debt-to-Total-Asset Chart

Vitec Software Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.27

0.22

0.25

0.28

Vitec Software Group AB 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															0.26	0.28	0.26	0.25	0.18

Vitec Software Group AB LT-Debt-to-Total-Asset Calculation

Vitec Software Group 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 )
	=	196.399	/	699.921
	=	0.28

Vitec Software Group 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 )
	=	142.303	/	800.564
	=	0.18

Vitec Software Group AB (FRA:7VS) 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.

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Vitec Software Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vitec Software Group AB (FRA:7VS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

VIT B:Sweden VITBs:UK 0RDI:UK

Address

Tvistevagen 47A, Umea, SWE, 907 29

Website

https://www.vitecsoftware.com

Vitec Software Group AB is a software company in Vertical Market Software in the Nordic region. The company provides software for the pharmacy market, automotive and machine industry, banks and insurance companies, healthcare companies, real estate agents, and the education sector. Its segments comprise Auto, Energy, Real Estate, Finance and insurance, Environment, Estate Agents, and Education and health.

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