Indutrade AB (LTS:0H30) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2024)

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What is Indutrade 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. Indutrade AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.24.

Indutrade AB's long-term debt to total assets ratio declined from Sep. 2023 (0.29) to Sep. 2024 (0.24). It may suggest that Indutrade AB is progressively becoming less dependent on debt to grow their business.

Indutrade AB LT-Debt-to-Total-Asset Historical Data

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

Indutrade AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.23

0.24

0.27

0.26

Indutrade AB 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															0.29	0.26	0.26	0.24	0.24

Indutrade AB LT-Debt-to-Total-Asset Calculation

Indutrade AB'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 )
	=	8085	/	31276
	=	0.26

Indutrade AB'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 )
	=	7706	/	32784
	=	0.24

Indutrade AB (LTS:0H30) 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.

Indutrade AB LT-Debt-to-Total-Asset Related Terms

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Indutrade AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Indutrade AB (LTS:0H30) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

IDDWF:USA INDT:Sweden INDTs:UK I1M:Germany

Address

Raseborgsgatan 9, Box 6044, Kista, SWE, SE-164 06

Website

https://www.indutrade.com

Indutrade AB is an industrial group that develops, manufactures, and sells components, systems and services with technical content in selected niches through a vast range of subsidiaries. The group is active in business areas such as; Industrial & Engineering, Infrastructure & Construction, Life Science, Process, Energy & Water, and Technology & Systems Solutions. The company offers products like valves, pipes and pipe systems, measurement technology, pumps, hydraulics and industrial equipment, and medical technology among others. The primary region of business for the group's subsidiaries is Europe.

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