KKOYY (Kesko Oyj) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2024)

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What is Kesko Oyj 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. Kesko Oyj's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.29.

Kesko Oyj's long-term debt to total assets ratio increased from Sep. 2023 (0.28) to Sep. 2024 (0.29). It may suggest that Kesko Oyj is progressively becoming more dependent on debt to grow their business.

Kesko Oyj LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kesko Oyj'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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Kesko Oyj LT-Debt-to-Total-Asset Chart

Kesko Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.32

0.26

0.25

0.30

Kesko Oyj Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.30	0.29	0.29	0.29

Kesko Oyj LT-Debt-to-Total-Asset Calculation

Kesko Oyj'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 )
	=	2549.509	/	8456.161
	=	0.30

Kesko Oyj'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 )
	=	2634.961	/	9130.966
	=	0.29

Kesko Oyj (OTCPK:KKOYY) 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.

Kesko Oyj LT-Debt-to-Total-Asset Related Terms

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Kesko Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kesko Oyj (OTCPK:KKOYY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

KKOYF:USA KKOAF:USA KESKBh:UK 0BNT:UK 0BNS:UK KESKOB:Finland KESKOA:Finland KEK:Germany

Address

Tyopajankatu 12, Helsinki, FIN, 00580

Website

https://www.kesko.fi

Kesko Oyj is a Finland-based retail conglomerate that operates in three divisions: Grocery, Building and Technical, and Car. The Grocery segment provides the customers with K-food retailers running their locally tailored stores, acting in a chain business model. Chains include K-Citymarket, K-Supermarket, K-Market, and Neste K. The Building and Technical Sector produces construction materials, leisure athletic goods, and infrastructure tools and operates out of Scandinavia and Eastern Europe, both in digital and brick-and-mortar stores. The Car division acts as an importer and leaser for various European car brands, including Volkswagen, SEAT, Audi, and Porsche as well as a seller of used cars online and in-store. The Grocery segment in Finland produces the most revenue.