Spinnova Oyj (FRA:9HP) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Spinnova Oyj 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. Spinnova Oyj's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Spinnova Oyj's long-term debt to total assets ratio increased from Dec. 2023 (0.05) to Dec. 2024 (0.06). It may suggest that Spinnova Oyj is progressively becoming more dependent on debt to grow their business.

Spinnova Oyj LT-Debt-to-Total-Asset Historical Data

The historical data trend for Spinnova Oyj'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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Spinnova Oyj LT-Debt-to-Total-Asset Chart

Spinnova Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.18

0.05

0.06

Spinnova Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.05	0.06	0.05	0.06	0.06

Spinnova Oyj LT-Debt-to-Total-Asset Calculation

Spinnova Oyj'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 )
	=	5.057	/	83.293
	=	0.06

Spinnova Oyj'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 )
	=	5.057	/	83.293
	=	0.06

Spinnova Oyj (FRA:9HP) 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.

Spinnova Oyj LT-Debt-to-Total-Asset Related Terms

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Spinnova Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Spinnova Oyj (FRA:9HP) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

SPINN:Finland

Address

Palokarjentie 2-4, Jyvaskyla, FIN, 40320

Website

https://www.spinnova.com

Spinnova Oyj is engaged in the provision of technology deliveries and services for sustainable textile production. The company has developed a technology for making textile fiber from wood or waste, such as leather, textile, or agricultural waste, without harmful chemicals.

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