Nordic Financials ASA (OSL:NOFIN) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Nordic Financials ASA 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. Nordic Financials ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Nordic Financials ASA's long-term debt to total assets ratio declined from Dec. 2023 (0.57) to Dec. 2024 (0.00). It may suggest that Nordic Financials ASA is progressively becoming less dependent on debt to grow their business.

Nordic Financials ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nordic Financials ASA'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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Nordic Financials ASA LT-Debt-to-Total-Asset Chart

Nordic Financials ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.27

0.41

0.54

0.57

Nordic Financials ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.57	0.58	0.58	-	-

Nordic Financials ASA LT-Debt-to-Total-Asset Calculation

Nordic Financials ASA'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 )
	=	0	/	5.475
	=

Nordic Financials ASA'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 )
	=	0	/	5.475
	=

Nordic Financials ASA (OSL:NOFIN) 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.

Nordic Financials ASA LT-Debt-to-Total-Asset Related Terms

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Nordic Financials ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Nordic Financials ASA (OSL:NOFIN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

82T0:Germany

Address

Thunes vei 2, Oslo, NOR, 0274

Website

https://www.aega.no

Nordic Financials ASA, formerly Aega ASA is a company, which is focused on the renewable energy sector. It is active as a solar utility company that acquires and operates solar power plants. The firm has its operating offices in Oslo, Norway, and Trento, Italy. It owns a portfolio of several individual solar parks in the Umbria, Lazio, Abruzzo, Emilia-Romagna, and Lombardia regions in Italy.

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