Sparebank 68 Grader Nord (OSL:SB68) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Sparebank 68 Grader Nord 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. Sparebank 68 Grader Nord's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Sparebank 68 Grader Nord's long-term debt to total assets ratio increased from Mar. 2023 (0.20) to Mar. 2024 (0.20). It may suggest that Sparebank 68 Grader Nord is progressively becoming more dependent on debt to grow their business.

Sparebank 68 Grader Nord LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sparebank 68 Grader Nord'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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Sparebank 68 Grader Nord LT-Debt-to-Total-Asset Chart

Sparebank 68 Grader Nord Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.22

0.21

Sparebank 68 Grader Nord Quarterly Data
	Dec18	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														0.20	0.19	0.19	0.21	0.20

Sparebank 68 Grader Nord LT-Debt-to-Total-Asset Calculation

Sparebank 68 Grader Nord'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 )
	=	2502.115	/	11738.979
	=	0.21

Sparebank 68 Grader Nord'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 )
	=	2389.867	/	11739.263
	=	0.20

Sparebank 68 Grader Nord (OSL:SB68) 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.

Sparebank 68 Grader Nord LT-Debt-to-Total-Asset Related Terms

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Sparebank 68 Grader Nord (OSL:SB68) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sparebank 68 Grader Nord (OSL:SB68) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Storgata 9, Leknes, NOR, 8370

Website

https://www.68nord.no

Sparebank 68 Grader Nord is a local savings bank, focused on retail banking and insurance products and services. The range of products offered includes current accounts, payment cards, savings accounts, consumer loans, car loans, and mortgage loans.

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