Andfjordlmon Group AS (OSL:ANDF) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is Andfjordlmon Group 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. Andfjordlmon Group AS's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

Andfjordlmon Group AS's long-term debt to total assets ratio increased from Jun. 2023 (0.09) to Jun. 2024 (0.13). It may suggest that Andfjordlmon Group AS is progressively becoming more dependent on debt to grow their business.

Andfjordlmon Group AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Andfjordlmon Group 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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Andfjordlmon Group AS LT-Debt-to-Total-Asset Chart

Andfjordlmon Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.20

0.13

0.06

Andfjordlmon Group AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.06	0.06	0.06	0.13

Andfjordlmon Group AS LT-Debt-to-Total-Asset Calculation

Andfjordlmon Group AS'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 )
	=	69.299	/	1212.864
	=	0.06

Andfjordlmon Group AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	226.193	/	1787.299
	=	0.13

Andfjordlmon Group AS (OSL:ANDF) 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.

Andfjordlmon Group AS LT-Debt-to-Total-Asset Related Terms

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Andfjordlmon Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Andfjord Salmon Group AS (OSL:ANDF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

50R:Germany

Address

Kvalnesveien 69, Dverberg, Andoy, NOR, 8485

Website

https://www.andfjordsalmon.com

Andfjord Salmon Group AS is a Norwegian company engaged in salmon farming. The company's farming facility is located on Andoya, the northernmost island in the Arctic Archipelago of Lofoten, Vesteralen. The company's business is to farm salmon with the aim of selling to third parties when the fish has reached a mature state. The company operated one salmon pool facility. The facility uses a seawater flow-through system that avoids issues with salmon lice and poisonous algae, prevents salmon escapement, and at the same time contributes to reduced feed waste.

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