Fortum Oyj (MIL:1FORT) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2024)

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What is Fortum 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. Fortum Oyj's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.27.

Fortum Oyj's long-term debt to total assets ratio increased from Sep. 2023 (0.24) to Sep. 2024 (0.27). It may suggest that Fortum Oyj is progressively becoming more dependent on debt to grow their business.

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

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

Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.15

0.06

0.16

0.24

Fortum Oyj 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															0.24	0.24	0.21	0.27	0.27

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

Fortum 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 )
	=	4573	/	18739
	=	0.24

Fortum Oyj'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 )
	=	4843	/	17729
	=	0.27

Fortum Oyj (MIL:1FORT) 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.

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

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Fortum Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (MIL:1FORT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FOJCY:USA FOJCF:USA FORTMh:UK 0HAH:UK FORTUM:Finland FOT:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, 02150

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.

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