Spir Group ASA (OSL:SPIR) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2024)

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What is Spir Group 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. Spir Group ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.25.

Spir Group ASA's long-term debt to total assets ratio declined from Dec. 2023 (0.27) to Dec. 2024 (0.25). It may suggest that Spir Group ASA is progressively becoming less dependent on debt to grow their business.

Spir Group ASA LT-Debt-to-Total-Asset Historical Data

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

Spir Group ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.22

0.29

0.30

0.27

0.25

Spir Group ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.25	0.24	0.24	0.25

Spir Group ASA LT-Debt-to-Total-Asset Calculation

Spir Group ASA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	593.97	/	2398.378
	=	0.25

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

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	593.97	/	2398.378
	=	0.25

Spir Group ASA (OSL:SPIR) 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.

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Spir Group ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spir Group ASA (OSL:SPIR) » Definitions » LT-Debt-to-Total-Asset

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SIKRIo:Sweden

Address

Dronning Mauds gate 10, Oslo, NOR, 0250

Website

https://www.spirgroup.com

Spir Group ASA is a software company. It specializes in offering digital solutions to companies in the Nordic region. It provides digital solutions for case management and archive systems. The company provides solutions like RiskManager, eByggesak, Cloud, Lekdommer, and Sak-Arkiv. The company works in four segments Sikri, Ambita, Boligmappa and Metria segments.