Ringkjoebing Landbobank AS (FRA:CJ2) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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What is Ringkjoebing Landbobank 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. Ringkjoebing Landbobank AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.13.

Ringkjoebing Landbobank AS's long-term debt to total assets ratio declined from Dec. 2023 (0.13) to Dec. 2024 (0.13). It may suggest that Ringkjoebing Landbobank AS is progressively becoming less dependent on debt to grow their business.

Ringkjoebing Landbobank AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ringkjoebing Landbobank 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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Ringkjoebing Landbobank AS LT-Debt-to-Total-Asset Chart

Ringkjoebing Landbobank AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.12

0.14

0.13

Ringkjoebing Landbobank AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.12	0.13	0.12	0.13

Ringkjoebing Landbobank AS LT-Debt-to-Total-Asset Calculation

Ringkjoebing Landbobank AS'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 )
	=	1314.316	/	10543.898
	=	0.12

Ringkjoebing Landbobank AS'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 )
	=	1314.316	/	10543.898
	=	0.12

Ringkjoebing Landbobank AS (FRA:CJ2) 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.

Ringkjoebing Landbobank AS LT-Debt-to-Total-Asset Related Terms

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Ringkjoebing Landbobank AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Ringkjoebing Landbobank AS (FRA:CJ2) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

RILBAc:UK 0RPR:UK RILBA:Denmark CJ2:Germany

Address

Torvet 1, Ringkobing, DNK, 6950

Website

http://www.landbobanken.com

Ringkjoebing Landbobank AS is a bank that carries out its operating activities in Denmark. A majority of the bank's core income is net interest income. Maximum of the bank's net fees, commissions, and foreign exchange income are derived from asset management, followed by guarantee commissions, securities trading, and custody accounts. The bank's capital objective is to maintain capitalization for future growth while covering any fluctuation of the risks it assumes. The bank's credit is diversified to the energy business, as well as financial services, real property, and agriculture. The services offered are Online banking, Mobile banking, MasterCard, MobilePay, Currency calculator, Block card, MitID etc.

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