SmartCraft ASA (FRA:9YK) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is SmartCraft ASA 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. SmartCraft ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

SmartCraft ASA's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.02). It may suggest that SmartCraft ASA is progressively becoming more dependent on debt to grow their business.

SmartCraft ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for SmartCraft ASA'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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SmartCraft ASA LT-Debt-to-Total-Asset Chart

SmartCraft ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

SmartCraft ASA 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															0.01	0.01	0.02	0.02	0.02

SmartCraft ASA LT-Debt-to-Total-Asset Calculation

SmartCraft ASA'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 )
	=	1.283	/	95.622
	=	0.01

SmartCraft ASA'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 )
	=	1.628	/	106.911
	=	0.02

SmartCraft ASA (FRA:9YK) 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.

SmartCraft ASA LT-Debt-to-Total-Asset Related Terms

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SmartCraft ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartCraft ASA (FRA:9YK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SMCRTo:Sweden SMCRT:Norway 9YK:Germany

Address

Hvervenmoveien 45, Honefoss, NOR, 3511

Website

https://www.smartcraftready.com

SmartCraft ASA is a software company that provides modern SaaS solutions to help craftsmen and construction companies become more efficient and profitable. Geographically, it operates in Norway, Sweden and Finland.

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