Dampskibsselskabet Norden AS (LTS:0HDP) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2024)

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What is Dampskibsselskabet Norden AS 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. Dampskibsselskabet Norden AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.13.

Dampskibsselskabet Norden AS's long-term debt to total assets ratio declined from Sep. 2023 (0.15) to Sep. 2024 (0.13). It may suggest that Dampskibsselskabet Norden AS is progressively becoming less dependent on debt to grow their business.

Dampskibsselskabet Norden AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dampskibsselskabet Norden AS'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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Dampskibsselskabet Norden AS LT-Debt-to-Total-Asset Chart

Dampskibsselskabet Norden AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.19

0.11

Dampskibsselskabet Norden AS 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															0.15	0.11	0.11	0.12	0.13

Dampskibsselskabet Norden AS LT-Debt-to-Total-Asset Calculation

Dampskibsselskabet Norden AS'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 )
	=	1796.185	/	16020.088
	=	0.11

Dampskibsselskabet Norden AS'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 )
	=	1991.887	/	15779.238
	=	0.13

Dampskibsselskabet Norden AS (LTS:0HDP) 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.

Dampskibsselskabet Norden AS LT-Debt-to-Total-Asset Related Terms

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Dampskibsselskabet Norden AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dampskibsselskabet Norden AS (LTS:0HDP) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

DPBSF:USA DNORDc:UK DNORD:Denmark D69:Germany D69:Germany

Address

52, Strandvejen, Hellerup, DNK, DK-2900

Website

https://www.norden.com

Dampskibsselskabet Norden AS is an independent shipping company. The company's operating segments include Assets & Logistics and Freight Services & Trading. It generates maximum revenue from Freight Services & Trading segment which offers transport of bulk commodities such as grain, coal, iron ore and sugar, and of fuel oil and refined oil products. Geographically, it generates revenue from China, Singapore, United States of America, Mexico and Other regions.

Dampskibsselskabet Norden AS Headlines

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