Xavi Solutionnode AB (NGM:XAVI B) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Xavi Solutionnode 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. Xavi Solutionnode AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Xavi Solutionnode AB's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.02). It may suggest that Xavi Solutionnode AB is progressively becoming less dependent on debt to grow their business.

Xavi Solutionnode AB LT-Debt-to-Total-Asset Historical Data

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

Xavi Solutionnode AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.02

Xavi Solutionnode AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.03	0.05	0.05	0.02

Xavi Solutionnode AB LT-Debt-to-Total-Asset Calculation

Xavi Solutionnode 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 )
	=	1.536	/	64.932
	=	0.02

Xavi Solutionnode AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.536	/	64.932
	=	0.02

Xavi Solutionnode AB (NGM:XAVI 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.

Xavi Solutionnode AB LT-Debt-to-Total-Asset Related Terms

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Xavi Solutionnode AB (NGM:XAVI B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xavi Solutionnode AB (NGM:XAVI B) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrigatan 17, Harnosand, SWE, 856 53

Website

https://www.xavisolutions.se

Xavi Solutionnode AB is active in the information technology (IT) sector. The purpose of the group is mainly to invest in information technology. The business consists of several business segments that are operated through different brands such as Frontwalker and Tavana. Within the group, resource and competence reinforcement is offered within all phases of the system development process, comprehensive commitments regarding the development and management of large customer-specific IT systems and for staffing IT support.

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