Knowit AB (FRA:KOW) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Knowit AB 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. Knowit AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Knowit AB's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.13). It may suggest that Knowit AB is progressively becoming less dependent on debt to grow their business.

Knowit AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Knowit AB'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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Knowit AB LT-Debt-to-Total-Asset Chart

Knowit AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.11

0.05

0.17

0.13

Knowit AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.16	0.15	0.13	0.13

Knowit AB LT-Debt-to-Total-Asset Calculation

Knowit AB'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 )
	=	82.417	/	628.12
	=	0.13

Knowit AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	81.014	/	635.728
	=	0.13

Knowit AB (FRA:KOW) 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.

Knowit AB LT-Debt-to-Total-Asset Related Terms

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Knowit AB (FRA:KOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Knowit AB (FRA:KOW) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

KNOW:Sweden 0GNK:UK KOW:Germany

Address

Klarabergsgatan 60, Box 3383, Stockholm, SWE, 10368

Website

http://www.knowit.se

Knowit is a Nordic consultancy, operating three divisions: IT and system development; Customer experience technology and communications; Management consultancy. The company has about 2200 employees in 20 locations in Sweden, Norway, Denmark, Finland and Germany. Knowit provides services towards most industries, both public and private sector. Knowit AB (Publ) was founded in 1990 and is headquartered in Stockholm, Sweden.

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