Pyrum Innovations AG (OSL:PYRUM) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Pyrum Innovations AG 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. Pyrum Innovations AG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Pyrum Innovations AG's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.35). It may suggest that Pyrum Innovations AG is progressively becoming more dependent on debt to grow their business.

Pyrum Innovations AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pyrum Innovations AG'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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Pyrum Innovations AG LT-Debt-to-Total-Asset Chart

Pyrum Innovations AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.34

0.12

0.08

0.35

Pyrum Innovations AG Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.08	0.08	-	0.08	0.35

Pyrum Innovations AG LT-Debt-to-Total-Asset Calculation

Pyrum Innovations AG'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 )
	=	207.514	/	585.866
	=	0.35

Pyrum Innovations AG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	207.514	/	585.866
	=	0.35

Pyrum Innovations AG (OSL:PYRUM) 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.

Pyrum Innovations AG LT-Debt-to-Total-Asset Related Terms

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Pyrum Innovations AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pyrum Innovations AG (OSL:PYRUM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PYR:Germany

Address

Dieselstrasse 8, Dillingen, SL, DEU, D-66763

Website

https://www.pyrum.net

Pyrum Innovations AG is a recycling technology company. The company recycles end-of-life tyres with its patented pyrolysis technology, obtaining new raw materials such as recovered carbon black, pyrolysis oil and gas. The the company operates in the recycling market for end-of-life tyres. It generates revenue from customers in Germany and European Union.

Executives

Jürgen Franz Opitz	Supervisory Board
Manfred Alt	Supervisory Board

Pyrum Innovations AG Headlines

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