Alma Media Oyj (LTS:0DJN) LT-Debt-to-Total-Asset : 0.35 (As of Mar. 2024)

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What is Alma Media 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. Alma Media Oyj's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.35.

Alma Media Oyj's long-term debt to total assets ratio increased from Mar. 2023 (0.32) to Mar. 2024 (0.35). It may suggest that Alma Media Oyj is progressively becoming more dependent on debt to grow their business.

Alma Media Oyj LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alma Media 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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Alma Media Oyj LT-Debt-to-Total-Asset Chart

Alma Media Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.10

0.44

0.33

0.36

Alma Media Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.32	0.32	0.36	0.35

Alma Media Oyj LT-Debt-to-Total-Asset Calculation

Alma Media 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 )
	=	191.8	/	527.7
	=	0.36

Alma Media Oyj's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	190.7	/	551.4
	=	0.35

Alma Media Oyj (LTS:0DJN) 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.

Alma Media Oyj LT-Debt-to-Total-Asset Related Terms

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Alma Media Oyj (LTS:0DJN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alma Media Oyj (LTS:0DJN) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ALMA:Finland A4M:Germany

Address

Alvar Aallon katu 3 C, P.O. Box 140, Helsinki, FIN, FI-00101

Website

https://www.almamedia.fi

Alma Media Oyj is a media and service company focusing on digital services and publishing. In addition to news content, the Group's products provide useful information related to lifestyle, career, and business development. The business segments include Alma Career, Alma Consumer, and Alma Talent. It generates maximum revenue from the Alma Career segment. The group's business is mainly divided into two geographical areas, Finland from where it earns the majority of its revenue, and the rest of Europe.

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