Nordic Iron Ore AB (FRA:NIO) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Nordic Iron Ore 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. Nordic Iron Ore AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Nordic Iron Ore AB's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Nordic Iron Ore AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nordic Iron Ore 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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Nordic Iron Ore AB LT-Debt-to-Total-Asset Chart

Nordic Iron Ore AB Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Nordic Iron Ore 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															-	-	-	0.01	-

Nordic Iron Ore AB LT-Debt-to-Total-Asset Calculation

Nordic Iron Ore 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 )
	=	0.164	/	15.243
	=

Nordic Iron Ore 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 )
	=	0	/	15.206
	=

Nordic Iron Ore AB (FRA:NIO) 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.

Nordic Iron Ore AB LT-Debt-to-Total-Asset Related Terms

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Nordic Iron Ore AB (FRA:NIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nordic Iron Ore AB (FRA:NIO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NIO:Sweden NIO:Germany

Address

Åkarevägen 2, Dalarna, SWE, SE-772 32

Website

https://www.nordicironore.se/en

Nordic Iron Ore AB is a mining and exploration company. The company is engaged in mining operations at Blotberget and Haksberg and exploring the expansion potential in the intermediate Vasman field and Ludvika Mines, in southern Dalarna.