Alleima AB (FRA:M46) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Alleima 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. Alleima AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Alleima AB's long-term debt to total assets ratio increased from Sep. 2023 (0.04) to Sep. 2024 (0.06). It may suggest that Alleima AB is progressively becoming more dependent on debt to grow their business.

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

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

Alleima AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.03

0.01

0.02

Alleima AB Quarterly Data
	Dec19	Dec20	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											0.04	0.02	0.05	0.05	0.06

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

Alleima 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 )
	=	33.882	/	2055.776
	=	0.02

Alleima AB'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 )
	=	113.803	/	2017.715
	=	0.06

Alleima AB (FRA:M46) 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.

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Alleima AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Alleima AB (FRA:M46) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SAMHF:USA ALLEI:Sweden 0ABJ:UK

Address

Storgatan 2, Sandviken, SWE, SE-811 81

Website

https://www.alleima.com

Alleima AB is a developer, manufacturer, and supplier of high-value-added products in advanced stainless steels and special alloys as well as products for industrial heating. The company's offering includes products like seamless steel tubes for the energy, chemical, and aerospace industries, precision strip steel for white goods compressors, air conditioners and knife applications, based on more than 900 active alloy recipes. The firm has three divisions Tube, which derives the maximum revenue, Kanthal and Strip as the reportable segments.

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