Lumi Gruppen AS (FRA:8KS) LT-Debt-to-Total-Asset : 0.41 (As of Dec. 2023)

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What is Lumi Gruppen 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. Lumi Gruppen AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.41.

Lumi Gruppen AS's long-term debt to total assets ratio declined from Dec. 2022 (0.44) to Dec. 2023 (0.41). It may suggest that Lumi Gruppen AS is progressively becoming less dependent on debt to grow their business.

Lumi Gruppen AS LT-Debt-to-Total-Asset Historical Data

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

Lumi Gruppen AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.53

0.43

0.44

0.41

Lumi Gruppen AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.44	0.30	0.40	0.40	0.41

Lumi Gruppen AS LT-Debt-to-Total-Asset Calculation

Lumi Gruppen 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 )
	=	35.837	/	88.495
	=	0.40

Lumi Gruppen AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	35.837	/	88.495
	=	0.40

Lumi Gruppen AS (FRA:8KS) 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.

Lumi Gruppen AS LT-Debt-to-Total-Asset Related Terms

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Lumi Gruppen AS (FRA:8KS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lumi Gruppen AS (FRA:8KS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LUMI:Norway

Address

Sandakerveien 116, Oslo, NOR, 0484

Website

https://www.lumigruppen.no

Lumi Gruppen AS is a private educational institution. Its focuses on each student and have a broad range of education programs both on-campus and online, from high school to vocational and university college. The company's segment includes Sonans; Oslo Nye Hoyskole; Ntech and others. It generates maximum revenue from the Sonans segment.

Lumi Gruppen AS (FRA:8KS) Headlines

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