TFSVF (24SevenOffice Group AB) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2024)

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What is 24SevenOffice Group 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. 24SevenOffice Group AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.12.

24SevenOffice Group AB's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Dec. 2024 (0.12). It may suggest that 24SevenOffice Group AB is progressively becoming more dependent on debt to grow their business.

24SevenOffice Group AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for 24SevenOffice Group 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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24SevenOffice Group AB LT-Debt-to-Total-Asset Chart

24SevenOffice Group AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.55

0.29

0.37

0.53

0.12

24SevenOffice Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.53	0.01	-	0.12

24SevenOffice Group AB LT-Debt-to-Total-Asset Calculation

24SevenOffice Group AB'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 )
	=	24.156	/	210.176
	=	0.11

24SevenOffice Group AB'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 )
	=	24.156	/	210.176
	=	0.11

24SevenOffice Group AB (OTCPK:TFSVF) 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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24SevenOffice Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 24SevenOffice Group AB (OTCPK:TFSVF) » Definitions » LT-Debt-to-Total-Asset

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247:Sweden

Address

Dobelnsgatan 24, Stockholm, SWE, 11352

Website

https://www.24sevenoffice.com

24SevenOffice Group AB provides enterprise resource planning through cloud-based services and software as a service (SaaS). The company offers solutions mainly to small and medium-sized enterprises. It provides business with customer relationship management, Finance and Accounting software, Payroll, Project management, Time registration, and Reporting and travel expenses.

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