BellPal Holding (NGM:BELLP) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is BellPal Holding 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. BellPal Holding's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

BellPal Holding's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Sep. 2023 (0.01). It may suggest that BellPal Holding is progressively becoming more dependent on debt to grow their business.

BellPal Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for BellPal Holding'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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BellPal Holding LT-Debt-to-Total-Asset Chart

BellPal Holding Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.03

BellPal Holding Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	-	-	0.01	0.01

BellPal Holding LT-Debt-to-Total-Asset Calculation

BellPal Holding'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 )
	=	0	/	33.053
	=	0.00

BellPal Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.202	/	31.014
	=	0.01

BellPal Holding (NGM:BELLP) 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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BellPal Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » BellPal Holding (NGM:BELLP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Magnus Ladulasgatan, Stockholm, SWE, 118 65

Website

https://www.bellpal.com

BellPal Holding is a Swedish company that develops products and services to support seniors to live free and active lives. It is a caretech company that combines digital services with medical expertise in order to develop products, services and digital solutions primarily for seniors and medical care. Bell Pal's main business is a comprehensive platform that links the user with it's relatives and emergency central. Its platforms is based around a SaaS business model and therefore invoices the end-user with a monthly subscription fee for the usage of the service. The subscription includes both hardware and software for a package price.

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