Movinn AS (OCSE:MOVINN) LT-Debt-to-Total-Asset : 0.38 (As of Sep. 2024)

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What is Movinn 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. Movinn AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.38.

Movinn AS's long-term debt to total assets ratio increased from Sep. 2023 (0.36) to Sep. 2024 (0.38). It may suggest that Movinn AS is progressively becoming more dependent on debt to grow their business.

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

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

Movinn AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.48

0.56

0.29

0.34

0.37

Movinn AS Quarterly Data
	Dec19	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												0.36	0.37	0.38	0.38	0.38

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

Movinn 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 )
	=	19.873	/	53.238
	=	0.37

Movinn 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 )
	=	18.825	/	50.006
	=	0.38

Movinn AS (OCSE:MOVINN) 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.

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

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Movinn AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Movinn AS (OCSE:MOVINN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dronningens Tvaergade 9B, 1, Copenhagen, DNK, DK-1302

Website

https://www.movinn.com

Movinn AS is a provider of fully serviced apartments, delivering space-as-a-service to mainly large domestic and international corporations and organizations. Its product portfolio predominantly includes Serviced Apartments and Coliving with the majority of the revenue coming from Serviced Apartments. The company operates in Denmark, Sweden, and Germany. The majority of the revenue comes from Denmark.

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