Nordrest Holding AB (FRA:XZ5) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Nordrest Holding 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. Nordrest Holding AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Nordrest Holding AB's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.03). It may suggest that Nordrest Holding AB is progressively becoming more dependent on debt to grow their business.

Nordrest Holding AB LT-Debt-to-Total-Asset Historical Data

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

Nordrest Holding AB Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.01

Nordrest Holding AB Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	-	0.05	0.04	0.03

Nordrest Holding AB LT-Debt-to-Total-Asset Calculation

Nordrest Holding 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 )
	=	0.194	/	49.369
	=	0.00

Nordrest Holding 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 )
	=	1.825	/	54.789
	=	0.03

Nordrest Holding AB (FRA:XZ5) 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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Nordrest Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Nordrest Holding AB (FRA:XZ5) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NREST:Sweden

Address

Evenemangsgatan 31, Solna, NOR, 16979

Website

https://www.nordrest.se

Nordrest Holding AB is a restaurant group with a focus on natural guest flows and contract-based meal solutions. Its offer includes meal solutions adapted to each customer's needs and ready-made brand concepts such as Taste by Nordrest, Togo by Nordrest, Pocket by Nordrest, La Girafe, Dinners and Way Cup. The company operates within the customer groups Defence, Companies, Schools, Colleges & Universities, Hospitals & Elderly Care and Travel.

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