Hoi Publishing AB (NGM:HOI B) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Hoi Publishing 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. Hoi Publishing AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Hoi Publishing AB's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.02). It may suggest that Hoi Publishing AB is progressively becoming less dependent on debt to grow their business.

Hoi Publishing AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hoi Publishing 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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Hoi Publishing AB LT-Debt-to-Total-Asset Chart

Hoi Publishing AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.16

0.19

0.03

Hoi Publishing AB Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.19	0.10	0.10	0.03	0.02

Hoi Publishing AB LT-Debt-to-Total-Asset Calculation

Hoi Publishing 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 )
	=	0.848	/	29.852
	=	0.03

Hoi Publishing 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 )
	=	0.873	/	51.326
	=	0.02

Hoi Publishing AB (NGM:HOI 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.

Hoi Publishing AB LT-Debt-to-Total-Asset Related Terms

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Hoi Publishing AB (NGM:HOI B) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

Johannesgrand 1, Stockholm, SWE, 111 30

Website

https://www.hoi.se

Hoi Publishing AB operates as a publishing company. The company publishes books and periodicals.

Hoi Publishing AB (NGM:HOI B) Headlines

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