Observe Medical ASA (OSL:OBSRV) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2023)

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What is Observe Medical 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. Observe Medical ASA's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.01.

Observe Medical ASA's long-term debt to total assets ratio declined from Jun. 2022 (0.19) to Jun. 2023 (0.01). It may suggest that Observe Medical ASA is progressively becoming less dependent on debt to grow their business.

Observe Medical ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Observe Medical 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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Observe Medical ASA LT-Debt-to-Total-Asset Chart

Observe Medical ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.46

0.40

0.01

0.20

Observe Medical ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.01	0.01	0.01	0.20

Observe Medical ASA LT-Debt-to-Total-Asset Calculation

Observe Medical ASA'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 )
	=	50.163	/	253.537
	=	0.20

Observe Medical ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	1.276	/	203.73
	=	0.01

Observe Medical ASA (OSL:OBSRV) 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.

Observe Medical ASA LT-Debt-to-Total-Asset Related Terms

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Observe Medical ASA (OSL:OBSRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Observe Medical ASA (OSL:OBSRV) » Definitions » LT-Debt-to-Total-Asset

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OM5A:Germany

Address

Dronning Eufemias gate 16, Oslo, NOR, 0191

Website

https://www.observemedical.com

Observe Medical ASA through its subsidiaries develops medical technology products that benefit patients and healthcare professionals. It has developed the product Sippi which is an automatic and digital urine meter and the technology Sippcoat which prevents bacterial migration in closed collection systems.

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