Sitowise Group (OHEL:SITOWS) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2023)

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What is Sitowise Group 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. Sitowise Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.33.

Sitowise Group's long-term debt to total assets ratio declined from Dec. 2022 (0.33) to Dec. 2023 (0.33). It may suggest that Sitowise Group is progressively becoming less dependent on debt to grow their business.

Sitowise Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sitowise Group'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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Sitowise Group LT-Debt-to-Total-Asset Chart

Sitowise Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.33

Sitowise Group Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.33	0.33	-	-	0.33

Sitowise Group LT-Debt-to-Total-Asset Calculation

Sitowise Group'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 )
	=	90.459	/	278.381
	=	0.32

Sitowise Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	90.459	/	278.381
	=	0.32

Sitowise Group (OHEL:SITOWS) 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.

Sitowise Group LT-Debt-to-Total-Asset Related Terms

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Sitowise Group (OHEL:SITOWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sitowise Group PLC (OHEL:SITOWS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1FT:Germany

Address

Linnoitustie 6 D, Espoo, FIN, 02600

Website

https://www.sitowise.com

Sitowise Group PLC is a Nordic expert in the built environment that offers sustainable design and consulting services. The company operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in Buildings, Infrastructure and Digital Solution areas.

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