SSAB AB (LTS:0KII) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

View and export this data going back to 2009. Start your Free Trial

What is SSAB 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. SSAB AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

SSAB AB's long-term debt to total assets ratio increased from Sep. 2023 (0.08) to Sep. 2024 (0.08). It may suggest that SSAB AB is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for SSAB 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.

* Premium members only.

SSAB AB LT-Debt-to-Total-Asset Chart

SSAB AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.13

0.12

0.09

0.07

0.08

SSAB 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															0.08	0.08	0.08	0.08	0.08

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

SSAB 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 )
	=	8430	/	107839
	=	0.08

SSAB 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 )
	=	8626	/	104768
	=	0.08

SSAB AB (LTS:0KII) 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.

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

Thank you for viewing the detailed overview of SSAB AB's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

SSAB AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SSAB AB (LTS:0KII) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SSABF:USA SSAAY:USA SSAAF:USA SSAB B:Sweden SSAB A:Sweden SSABBs:UK SSABAs:UK 0MHZ:UK SSABBH:Finland SSABAH:Finland SKWC:Germany

Address

Klarabergsviadukten 70, D6, Box 70, Stockholm, SWE, SE-101 21

Website

https://www.ssab.com

SSAB AB is a Sweden-based company that operates through five divisions. SSAB special steels sell structural high-strength steel, wear-resistant steel, protection steel, and tool steel. SSAB Europe is a Nordic-based producer of the strip, plate, and tube products. SSAB Americas is a Northern American steel plate and coil maker. Tibnor, SSAB's subsidiary, is a Nordic distributor of steel and nonferrous metals. Ruukki Construction, another subsidiary of SSAB, is a Europe-based provider of energy-efficient building and construction solutions. Steel products represent the majority of the company's sales. SSAB predominantly serves customers from heavy transport, construction, automotive, construction machinery, energy, and other sectors. SSAB generates majority of its revenue from Europe.

SSAB AB Headlines

No Headlines