Betsson AB (OSTO:BETS B) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Betsson AB 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. Betsson AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Betsson AB's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.14). It may suggest that Betsson AB is progressively becoming more dependent on debt to grow their business.

Betsson AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Betsson AB'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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Betsson AB LT-Debt-to-Total-Asset Chart

Betsson AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.14

0.02

0.11

0.15

Betsson AB Quarterly Data
	Jun19	Sep19	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															0.10	0.10	0.15	0.15	0.14

Betsson AB LT-Debt-to-Total-Asset Calculation

Betsson AB'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 )
	=	1951.964	/	13424.368
	=	0.15

Betsson AB'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 )
	=	1978.147	/	14463.785
	=	0.14

Betsson AB (OSTO:BETS B) 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.

Betsson AB LT-Debt-to-Total-Asset Related Terms

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Betsson AB (OSTO:BETS B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betsson AB (OSTO:BETS B) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

V72:Germany

Address

Regeringsgatan 28, Stockholm, SWE, 111 53

Website

https://www.betssonab.com

Betsson AB is a holding company that invests in and manages companies operating in the online gaming industry. The products consist of casino and sports betting. The largest category of the casino is slots, i.e. virtual slot machines, followed by the live casino, which provides the player with a virtual, real-life-like casino experience with table games broadcast live from the game provider's studio. Company's approximately 20 brands include either the entire product portfolio, such as Betsson, Betsafe and Nordicbet, or just one product, such as Racebets (betting on horses) and Jalla Casino (casino). The brands' services are offered through the proprietary platform that manages payments, customer information, accounts, transactions and a range of games on offer.

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