Cavendish Hydrogen ASA (FRA:V07) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Cavendish Hydrogen ASA 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. Cavendish Hydrogen ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Cavendish Hydrogen ASA's long-term debt to total assets ratio declined from Dec. 2023 (0.23) to Dec. 2024 (0.02). It may suggest that Cavendish Hydrogen ASA is progressively becoming less dependent on debt to grow their business.

Cavendish Hydrogen ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cavendish Hydrogen ASA'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.

* Premium members only.

Cavendish Hydrogen ASA LT-Debt-to-Total-Asset Chart

Cavendish Hydrogen ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.22

0.27

0.32

0.23

0.02

Cavendish Hydrogen ASA Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.23	0.30	0.02	0.02	0.02

Cavendish Hydrogen ASA LT-Debt-to-Total-Asset Calculation

Cavendish Hydrogen ASA'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 )
	=	2.3	/	95.3
	=	0.02

Cavendish Hydrogen ASA'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 )
	=	2.3	/	95.3
	=	0.02

Cavendish Hydrogen ASA (FRA:V07) 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.

Cavendish Hydrogen ASA LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Cavendish Hydrogen ASA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Cavendish Hydrogen ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cavendish Hydrogen ASA (FRA:V07) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CAVEN:Norway

Address

Vejlevej 5, Herning, DNK, 7400

Website

https://www.cavendishh2.com

Cavendish Hydrogen ASA is engaged in developing hydrogen fueling solutions for road-going vehicles. It aims to deliver hydrogen fueling solutions that are safer, faster, and more reliable than any alternative - all while reducing emissions and setting a new standard for fueling heavy-duty vehicles - with reliable fueling solutions.

Cavendish Hydrogen ASA Headlines

No Headlines