Icelandair Group hf (LTS:0ERU) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is Icelandair Group hf 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. Icelandair Group hf's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

Icelandair Group hf's long-term debt to total assets ratio declined from Mar. 2023 (0.35) to Mar. 2024 (0.32). It may suggest that Icelandair Group hf is progressively becoming less dependent on debt to grow their business.

Icelandair Group hf LT-Debt-to-Total-Asset Historical Data

The historical data trend for Icelandair Group hf'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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Icelandair Group hf LT-Debt-to-Total-Asset Chart

Icelandair Group hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.35

0.37

0.36

0.35

Icelandair Group hf 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															0.35	0.33	0.35	0.35	0.32

Icelandair Group hf LT-Debt-to-Total-Asset Calculation

Icelandair Group hf'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 )
	=	74604.737	/	211232.301
	=	0.35

Icelandair Group hf'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 )
	=	75522.991	/	235509.118
	=	0.32

Icelandair Group hf (LTS:0ERU) 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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Icelandair Group hf (LTS:0ERU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Icelandair Group hf (LTS:0ERU) » Definitions » LT-Debt-to-Total-Asset

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ICEAIR:Iceland

Address

Reykjavikurflugvollur, Reykjavik Airport, Reykjavik, ISL, 101

Website

https://www.icelandairgroup.is

Icelandair Group hf through its subsidiaries provides airlines and tourism services in Iceland. The company's segments are Passenger and cargo operations and Other group entities. It generates maximum revenue from the Passenger and cargo operations segment. Geographically, it derives maximum revenue from Iceland and also has a presence in North America, West Continental Europe, Scandinavia, the United Kingdom, and Other countries.

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