Nexcom A/S (OCSE:NEXCOM) LT-Debt-to-Total-Asset : 0.58 (As of Mar. 2024)

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What is Nexcom 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. Nexcom A/S's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.58.

Nexcom A/S's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.58). It may suggest that Nexcom A/S is progressively becoming more dependent on debt to grow their business.

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

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

Nexcom A/S Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.16

0.45

0.24

Nexcom A/S Quarterly Data
	Dec17	Dec18	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															0.31	0.06	0.06	0.24	0.58

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

Nexcom 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 )
	=	4.59	/	19.275
	=	0.24

Nexcom A/S'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 )
	=	12.436	/	21.437
	=	0.58

Nexcom A/S (OCSE:NEXCOM) 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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Nexcom A/S (OCSE:NEXCOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nexcom A/S (OCSE:NEXCOM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Toldbodgade 59B, Copenhagen K, DNK, 1253

Website

https://nexcomglobal.com

Nexcom A/S is the developer of information technology solutions for optimizing customer service functions and improving end-customer satisfaction. It offers digital process optimization, digital workflow, and interaction AI services. Nexcom operates in three segments: Workflow automation software, virtual assistant software, and transaction monitoring software. Its products include eTray, a software system for automated handling of workflows and tasks, and RevealCX, a software system for improving customer contact in service centers, RevealCX Boost is an AI based add on to RevealCX.

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