Gigantelmon AS (OSL:GIGA) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is Gigantelmon 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. Gigantelmon AS's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

Gigantelmon AS's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.32). It may suggest that Gigantelmon AS is progressively becoming more dependent on debt to grow their business.

Gigantelmon AS LT-Debt-to-Total-Asset Historical Data

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

Gigantelmon AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.20

Gigantelmon AS Quarterly Data
	Dec19	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										-	0.33	0.35	0.20	0.32

Gigantelmon AS LT-Debt-to-Total-Asset Calculation

Gigantelmon 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 )
	=	130.436	/	657.653
	=	0.20

Gigantelmon AS'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 )
	=	237.266	/	746.143
	=

Gigantelmon AS (OSL:GIGA) 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.

Gigantelmon AS LT-Debt-to-Total-Asset Related Terms

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Gigantelmon AS (OSL:GIGA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

96M:Germany

Address

Sjogata 21, Bodo, NOR, 8006

Website

https://www.gigantesalmon.no

Gigante Salmon AS is engaged in the salmon farming business.

Gigantelmon AS (OSL:GIGA) Headlines

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