Next Biometrics Group ASA (Next Biometrics Group ASA) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Next Biometrics Group ASA 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. Next Biometrics Group ASA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Next Biometrics Group ASA's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Next Biometrics Group ASA is progressively becoming less dependent on debt to grow their business.

Next Biometrics Group ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Next Biometrics Group ASA'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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Next Biometrics Group ASA LT-Debt-to-Total-Asset Chart

Next Biometrics Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.05

0.01

Next Biometrics Group ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	-	-	-

Next Biometrics Group ASA LT-Debt-to-Total-Asset Calculation

Next Biometrics Group ASA'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 )
	=	0.018	/	11.271
	=	0.00

Next Biometrics Group ASA'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 )
	=	0.008	/	10.787
	=	0.00

Next Biometrics Group ASA (GREY:NXTBF) 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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Next Biometrics Group ASA (Next Biometrics Group ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Next Biometrics Group ASA (GREY:NXTBF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NEXT:Norway NT7:Germany

Address

Apotekergata 10B, Oslo, NOR, 0180

Website

https://www.nextbiometrics.com

Next Biometrics Group ASA provides fingerprint sensor technology and products. The company's products are utilized for Smart Card, Government ID, Access control, Notebook, and others. The company's products include smart card solutions, fingerprint sensor modules, fingerprint readers, Aadhar products, Software DevKits, and Hardware DevKits. The majority of the revenue is derived from the sale of sensors.