Glaston Oyj (LTS:0IG1) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Glaston 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. Glaston Oyj's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Glaston Oyj's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.13). It may suggest that Glaston Oyj is progressively becoming less dependent on debt to grow their business.

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

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

Glaston Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.24

0.19

0.15

0.13

Glaston 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															0.16	0.14	0.14	0.13	0.13

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

Glaston 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 )
	=	21.604	/	169.256
	=	0.13

Glaston 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 )
	=	21.899	/	163.303
	=	0.13

Glaston Oyj (LTS:0IG1) 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.

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

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Glaston Oyj (LTS:0IG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glaston Oyj (LTS:0IG1) » Definitions » LT-Debt-to-Total-Asset

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GLA1V:Finland

Address

Lonnrotinkatu 11, Helsinki, FIN, 00120

Website

https://www.glaston.net

Glaston Oyj is a company engaged in developing and selling glass processing machinery. Its business includes a wide and technologically advanced range of heat treatment machines, maintenance, upgrade and modernization services, and spare parts for glass flat tempering, bending, bending tempering and laminating. It also offers digital services, such as glass processing machine remote monitoring and fault analysis services, and consulting and engineering services. The company provides solutions to various industries including Architectural, Appliances, Automotive, and Solar. The business operates in three segments; Heat Treatment, Insulating Glass and Automotive and Display. The Insulating Glass segment generates the majority of its revenue.

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