Digia Oyj (OHEL:DIGIA) LT-Debt-to-Total-Asset : 0.10 (As of Jun. 2024)

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What is Digia Oyj 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. Digia Oyj's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.10.

Digia Oyj's long-term debt to total assets ratio declined from Jun. 2022 (0.16) to Jun. 2024 (0.10). It may suggest that Digia Oyj is progressively becoming less dependent on debt to grow their business.

Digia Oyj LT-Debt-to-Total-Asset Historical Data

The historical data trend for Digia Oyj'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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Digia Oyj LT-Debt-to-Total-Asset Chart

Digia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.13

0.14

0.13

Digia Oyj Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.13	0.13	0.13	0.10

Digia Oyj LT-Debt-to-Total-Asset Calculation

Digia Oyj'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 )
	=	22.485	/	168.157
	=	0.13

Digia Oyj'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 )
	=	17.257	/	168.614
	=	0.10

Digia Oyj (OHEL:DIGIA) 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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Digia Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digia Oyj (OHEL:DIGIA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

S2Y:Germany

Address

Atomitie 2 A, Helsinki, FIN, 00370

Website

https://www.digia.com

Digia Oyj is a Finnish-based IT service company. Digia comprises four service areas: Digital Solutions, Business Platforms, Financial Platforms, and Managed Solutions The company serves a diverse set of markets, including energy, retail trade, public sector, insurance, manufacturing and service business, banking and investment services, and logistics. Geographically, it operates in Finland, Sweden, Netherlands & other countries, out of which the majority of its revenue comes from Finland.

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