Otovo ASA (OSL:OTOVO) LT-Debt-to-Total-Asset : 0.33 (As of Sep. 2024)

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What is Otovo 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. Otovo ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.33.

Otovo ASA's long-term debt to total assets ratio declined from Sep. 2023 (0.34) to Sep. 2024 (0.33). It may suggest that Otovo ASA is progressively becoming less dependent on debt to grow their business.

Otovo ASA LT-Debt-to-Total-Asset Historical Data

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

Otovo ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.08

0.02

0.14

0.18

Otovo ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.18	0.21	0.26	0.33

Otovo ASA LT-Debt-to-Total-Asset Calculation

Otovo 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 )
	=	242.128	/	1357.68
	=	0.18

Otovo ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	380.146	/	1144.369
	=	0.33

Otovo ASA (OSL:OTOVO) 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.

Otovo ASA LT-Debt-to-Total-Asset Related Terms

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Otovo ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Otovo ASA (OSL:OTOVO) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

89K:Germany

Address

Torggata 7, Oslo, NOR, 0181

Website

https://www.otovo.com

Otovo ASA is an energy company. It is engaged in the development, commercialization and installation of renewable power, as well as taking ownership or providing business advice related to it. The Group's operating segments are The Marketplace, and Subscription SPV. The Marketplace segment consists of transactions relating to sale of solar panels and related products, while the Subscription segment consists of transactions related to customers subscribing to use solar panels and related products.

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