Aurskog Sparebank (OSL:AURG) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Aurskog Sparebank 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. Aurskog Sparebank's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Aurskog Sparebank's long-term debt to total assets ratio increased from Mar. 2023 (0.25) to Mar. 2024 (0.28). It may suggest that Aurskog Sparebank is progressively becoming more dependent on debt to grow their business.

Aurskog Sparebank LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aurskog Sparebank'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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Aurskog Sparebank LT-Debt-to-Total-Asset Chart

Aurskog Sparebank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.27

0.29

0.26

0.27

Aurskog Sparebank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.26	0.26	0.27	0.28

Aurskog Sparebank LT-Debt-to-Total-Asset Calculation

Aurskog Sparebank'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 )
	=	4707.982	/	17409.321
	=	0.27

Aurskog Sparebank's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4897.168	/	17755.386
	=	0.28

Aurskog Sparebank (OSL:AURG) 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.

Aurskog Sparebank LT-Debt-to-Total-Asset Related Terms

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Aurskog Sparebank (OSL:AURG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Aurskog Sparebank (OSL:AURG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aurskog Center, Aurskog, NOR, 1930

Website

http://www.aurskog-sparebank.no

Aurskog Sparebank operates as a local bank. It offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

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