Hove A/S (OCSE:HOVE) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Hove A/S 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. Hove A/S's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Hove A/S's long-term debt to total assets ratio declined from Dec. 2022 (0.10) to Dec. 2023 (0.08). It may suggest that Hove A/S is progressively becoming less dependent on debt to grow their business.

Hove A/S LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hove A/S'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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Hove A/S LT-Debt-to-Total-Asset Chart

Hove A/S Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.19

0.30

0.16

0.10

0.08

Hove A/S Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.16	0.13	0.10	0.06	0.08

Hove A/S LT-Debt-to-Total-Asset Calculation

Hove A/S'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 )
	=	7.375	/	96.416
	=	0.08

Hove A/S'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 )
	=	7.375	/	96.416
	=	0.08

Hove A/S (OCSE:HOVE) 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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Hove A/S (OCSE:HOVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hove A/S (OCSE:HOVE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LL0:Germany

Address

Herstedostervej 7, Glostrup, DNK, 2600

Website

https://www.hove-as.com

Hove A/S is engaged in developing and designing complete advanced lubrication solutions. Its products cover Hove Smart Lube, Lubrication solutions, and Beinlich & Hafnia pumps.

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