Nivika Fastigheter AB (FRA:Y5R) LT-Debt-to-Total-Asset : 0.45 (As of Feb. 2024)

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What is Nivika Fastigheter 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. Nivika Fastigheter AB's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.45.

Nivika Fastigheter AB's long-term debt to total assets ratio declined from Feb. 2023 (0.47) to Feb. 2024 (0.45). It may suggest that Nivika Fastigheter AB is progressively becoming less dependent on debt to grow their business.

Nivika Fastigheter AB LT-Debt-to-Total-Asset Historical Data

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

Nivika Fastigheter AB Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

0.57

0.58

0.56

0.52

0.47

Nivika Fastigheter AB Quarterly Data
	Aug19	Aug20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.47	0.47	0.47	0.48	0.45

Nivika Fastigheter AB LT-Debt-to-Total-Asset Calculation

Nivika Fastigheter AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	439.011	/	931.352
	=	0.47

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

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	451.371	/	1013.978
	=	0.45

Nivika Fastigheter AB (FRA:Y5R) 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.

Nivika Fastigheter AB LT-Debt-to-Total-Asset Related Terms

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Nivika Fastigheter AB (FRA:Y5R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nivika Fastigheter AB (FRA:Y5R) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

NIVI B:Sweden

Address

Ringvagen 38, Värnamo, SWE, 331 32

Website

https://www.nivika.se

Nivika Fastigheter AB is a real estate company. Its main objectives is owning, managing, and developing properties.

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