GN Store Nord AS (FRA:GNN) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2024)

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What is GN Store Nord 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. GN Store Nord AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.31.

GN Store Nord AS's long-term debt to total assets ratio increased from Dec. 2023 (0.12) to Dec. 2024 (0.31). It may suggest that GN Store Nord AS is progressively becoming more dependent on debt to grow their business.

GN Store Nord AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for GN Store Nord 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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GN Store Nord AS LT-Debt-to-Total-Asset Chart

GN Store Nord AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.32

0.42

0.33

0.12

0.31

GN Store Nord 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															0.12	0.11	0.16	0.15	0.31

GN Store Nord AS LT-Debt-to-Total-Asset Calculation

GN Store Nord 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 )
	=	1260.175	/	4104.619
	=	0.31

GN Store Nord 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 )
	=	1260.175	/	4104.619
	=	0.31

GN Store Nord AS (FRA:GNN) 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.

GN Store Nord AS LT-Debt-to-Total-Asset Related Terms

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GN Store Nord AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GN Store Nord AS (FRA:GNN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GNNDY:USA GGNDF:USA GNc:UK 0K9P:UK GN:Denmark GNSN:Austria

Address

Lautrupbjerg 7, Ballerup, DNK, 2750

Website

https://www.gn.com

GN Store Nord is a Danish company offering medical and audio solutions. The group consists of two businesses: audio (about 62% of sales) and hearing (38%). GN Hearing offers hearing aids, competing globally with Sonova, Demant, Starkey, and WS Audiology (previously Sivantos and Widex). GN Audio provides headsets and speakerphones to the enterprise market (contact centers and offices), as well as to the consumer market, and recently acquired SteelSeries in the gaming market. The company has positioned itself as one of the main players in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing and Jabra in headsets.

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