LED iBond International AS (OCSE:LEDIBOND) LT-Debt-to-Total-Asset : 0.51 (As of Sep. 2024)

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What is LED iBond International 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. LED iBond International AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.51.

LED iBond International AS's long-term debt to total assets ratio increased from Sep. 2023 (0.17) to Sep. 2024 (0.51). It may suggest that LED iBond International AS is progressively becoming more dependent on debt to grow their business.

LED iBond International AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for LED iBond International 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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LED iBond International AS LT-Debt-to-Total-Asset Chart

LED iBond International AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.11

0.05

0.12

0.23

LED iBond International AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.23	0.27	0.38	0.51

LED iBond International AS LT-Debt-to-Total-Asset Calculation

LED iBond International 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 )
	=	7.827	/	33.945
	=	0.23

LED iBond International AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	13.616	/	26.92
	=	0.51

LED iBond International AS (OCSE:LEDIBOND) 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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LED iBond International AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LED iBond International AS (OCSE:LEDIBOND) » Definitions » LT-Debt-to-Total-Asset

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Address

Agern Alle 5A, Horsholm, DNK, 2970

Website

https://www.ledibond.com

LED iBond International AS is a Danish technology company that offers solutions for integrating light and data, based on its deep knowledge of modern LED technology and many years of development. The patented technology includes the lightest and thinnest LED, offering a value proposition combining total design flexibility, full IoT integration, and low total costs of ownership. Its technology has been deployed in many projects, ranging from intelligent shelf lighting to large-scale indoor illumination projects such as the installation of 3.2 kilometers of Tracy, light management, and others.

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