Axactor ASA (OSTO:AXAO) LT-Debt-to-Total-Asset : 0.71 (As of Dec. 2024)

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What is Axactor 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. Axactor ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.71.

Axactor ASA's long-term debt to total assets ratio increased from Dec. 2023 (0.66) to Dec. 2024 (0.71). It may suggest that Axactor ASA is progressively becoming more dependent on debt to grow their business.

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

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

Axactor ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.43

0.65

0.32

0.66

0.71

Axactor 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															0.66	0.66	0.67	0.67	0.71

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

Axactor 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 )
	=	10477.985	/	14870.743
	=	0.70

Axactor 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 )
	=	10477.985	/	14870.743
	=	0.70

Axactor ASA (OSTO:AXAo) 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.

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

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Axactor ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axactor ASA (OSTO:AXAo) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ACR:Norway 0QIG:UK 2LJ:Germany

Address

Drammensveien 167, Oslo, NOR, NO-0277

Website

https://www.axactor.com

Axactor ASA is a debt management company that specializes in purchasing and collecting debt portfolios. It also provides collection services for third-party-owned portfolios. The company operates in two segments: Non-performing loans (NPL) and Third-party collection (3PC). The NPL segment invests in portfolios of non-performing loans, which are presented as 'Purchased loan portfolios' in the consolidated statement of financial position. The 3PC segment focuses on performing debt collection services on behalf of third-party clients. Axactor ASA operates in Finland, Germany, Italy, Norway, Spain, and Sweden. The majority of its revenue comes from interest earned on purchased loan portfolios.

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