Isfelag hfs (OISE:ISF) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Isfelag hfs 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. Isfelag hfs's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Isfelag hfs's long-term debt to total assets ratio increased from Dec. 2022 (0.15) to Dec. 2023 (0.16). It may suggest that Isfelag hfs is progressively becoming more dependent on debt to grow their business.

Isfelag hfs LT-Debt-to-Total-Asset Historical Data

The historical data trend for Isfelag hfs'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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Isfelag hfs LT-Debt-to-Total-Asset Chart

Isfelag hfs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.31

0.25

0.15

0.16

Isfelag hfs Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	0.31	0.25	0.15	0.18	0.16

Isfelag hfs LT-Debt-to-Total-Asset Calculation

Isfelag hfs'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 )
	=	17230.702	/	111169.232
	=	0.15

Isfelag hfs'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 )
	=	17230.702	/	111169.232
	=	0.15

Isfelag hfs (OISE:ISF) 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.

Isfelag hfs LT-Debt-to-Total-Asset Related Terms

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Isfelag hfs (OISE:ISF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Isfelag hfs (OISE:ISF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tangagata 1, Vestmannaeyjar, ISL, 900

Website

https://www.isfelag.is

Isfelag is engaged in fishing and the processing of marine products. It is active in Iceland in the field of fishing and processing of pelagic species and production of fishmeal and fish oil and also produces sea-frozen seafood. Its products include COD fish, HADDOCK fish, SAITHE fish, CAPELIN fish, MACKEREL fish, HERRING fish etc.

Isfelag hfs (OISE:ISF) Headlines

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