Hove AS (OCSE:HOVE) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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What is Hove AS 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 AS's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Hove AS's long-term debt to total assets ratio declined from Jun. 2023 (0.06) to Jun. 2024 (0.04). It may suggest that Hove AS is progressively becoming less dependent on debt to grow their business.

Hove AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hove AS'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 AS LT-Debt-to-Total-Asset Chart

Hove AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.19

0.30

0.16

0.10

0.08

Hove AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.13	0.10	0.06	0.08	0.04

Hove AS LT-Debt-to-Total-Asset Calculation

Hove AS'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 AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	3.801	/	104.54
	=	0.04

Hove AS (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.

Hove AS LT-Debt-to-Total-Asset Related Terms

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Hove AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hove AS (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 AS develops, produces, and supplies lubrication solutions for heavy machinery. Its solutions are Hove Smart Lube, Hove Carry, Lubrication Solutions, and Beinlich Pumps. It also provides solutions for the Wind and Port industries.

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