Virsi-A AS (ORSE:VIRSI) LT-Debt-to-Total-Asset : 0.21 (As of Dec. 2024)

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What is Virsi-A AS 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. Virsi-A AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.21.

Virsi-A AS's long-term debt to total assets ratio increased from Dec. 2023 (0.17) to Dec. 2024 (0.21). It may suggest that Virsi-A AS is progressively becoming more dependent on debt to grow their business.

Virsi-A AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Virsi-A AS'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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Virsi-A AS LT-Debt-to-Total-Asset Chart

Virsi-A AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.23

0.22

0.19

0.17

0.21

Virsi-A AS Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.19	0.17	0.17	0.16	0.21

Virsi-A AS LT-Debt-to-Total-Asset Calculation

Virsi-A AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	31.635	/	150.983
	=	0.21

Virsi-A AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	31.635	/	150.983
	=	0.21

Virsi-A AS (ORSE:VIRSI) 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.

Virsi-A AS LT-Debt-to-Total-Asset Related Terms

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Virsi-A AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Virsi-A AS (ORSE:VIRSI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kalna iela 17, Aizkraukles pagasts, Aizkraukles novads, Aizkraukle, LVA, LV-5101

Website

https://www.virsi.lv

Virsi-A AS is engaged in retail and wholesale of oil products, and retail sales of goods. The company manages three subsidiaries SIA Virsu nekustamie ipasumi, SIA Virsi logisktika, SIA Virsi Renergy, and Virsi Lietuva UAB. The operating activities of the subsidiaries are related to those of the company and represent the development and management of real estate properties, ensuring fuel deliveries to the group's filling stations, franchises and wholesale clients, and selling natural gas and electricity.

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