Triona AB (NGM:TRIONA) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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

Triona AB's long-term debt to total assets ratio declined from Dec. 2022 (0.10) to Mar. 2024 (0.05). It may suggest that Triona AB is progressively becoming less dependent on debt to grow their business.

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

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

Triona AB Annual Data

Trend

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.12

0.10

Triona AB Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.10	0.08	0.07	0.07	0.05

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

Triona 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 )
	=	12	/	125.684
	=	0.10

Triona 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 )
	=	7	/	145.226
	=	0.05

Triona AB (NGM:TRIONA) 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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Triona AB (NGM:TRIONA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Triona AB (NGM:TRIONA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Box 762, Borlange, SWE, S-781 27

Website

https://www.triona.se

Triona AB is a leading and reliable supplier of innovative IT solutions related to logistics and infrastructure-oriented businesses.

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