Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) LT-Debt-to-Total-Asset : 0.15 (As of Feb. 2024)

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What is Olgeroin Egill Skallagrimsson hf 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. Olgeroin Egill Skallagrimsson hf's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.15.

Olgeroin Egill Skallagrimsson hf's long-term debt to total assets ratio declined from Feb. 2023 (0.31) to Feb. 2024 (0.15). It may suggest that Olgeroin Egill Skallagrimsson hf is progressively becoming less dependent on debt to grow their business.

Olgeroin Egill Skallagrimsson hf LT-Debt-to-Total-Asset Historical Data

The historical data trend for Olgeroin Egill Skallagrimsson hf'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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Olgeroin Egill Skallagrimsson hf LT-Debt-to-Total-Asset Chart

Olgeroin Egill Skallagrimsson hf Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.45

0.42

0.35

0.31

0.15

Olgeroin Egill Skallagrimsson hf Quarterly Data
	Feb19	Feb20	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.31	0.27	0.24	0.18	0.15

Olgeroin Egill Skallagrimsson hf LT-Debt-to-Total-Asset Calculation

Olgeroin Egill Skallagrimsson hf's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	4562.275	/	30665.403
	=	0.15

Olgeroin Egill Skallagrimsson hf's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	4562.275	/	30665.403
	=	0.15

Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) 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.

Olgeroin Egill Skallagrimsson hf LT-Debt-to-Total-Asset Related Terms

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Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grjothals 7-11, Reykjavík, ISL, 110

Website

https://www.olgerdin.is

Olgeroin Egill Skallagrimsson hf produces, imports, distributes and sells beverages and food all over the country.

Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) Headlines

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