AIK Fotboll AB (NGM:AIK B) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is AIK Fotboll 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. AIK Fotboll AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

AIK Fotboll AB's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Mar. 2024 (0.05). It may suggest that AIK Fotboll AB is progressively becoming more dependent on debt to grow their business.

AIK Fotboll AB LT-Debt-to-Total-Asset Historical Data

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

AIK Fotboll AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.04

0.01

AIK Fotboll AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.05	0.01	0.05

AIK Fotboll AB LT-Debt-to-Total-Asset Calculation

AIK Fotboll AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	2.678	/	196.108
	=	0.01

AIK Fotboll AB'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 )
	=	11.912	/	224.302
	=	0.05

AIK Fotboll AB (NGM:AIK B) 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.

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AIK Fotboll AB (NGM:AIK B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » AIK Fotboll AB (NGM:AIK B) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Evenemangsgatan 31, Solna, SWE, 169 79

Website

http://www.aikfotboll.se

AIK Fotboll AB operates a football club. The company conducts AIK Football Association's elite football activities through a men's team, a women's team and a junior team for men.

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