Cinis Fertilizer AB (OSTO:CINIS) LT-Debt-to-Total-Asset : 0.37 (As of Sep. 2024)

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What is Cinis Fertilizer 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. Cinis Fertilizer AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.37.

Cinis Fertilizer AB's long-term debt to total assets ratio declined from Sep. 2023 (0.37) to Sep. 2024 (0.37). It may suggest that Cinis Fertilizer AB is progressively becoming less dependent on debt to grow their business.

Cinis Fertilizer AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cinis Fertilizer 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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Cinis Fertilizer AB LT-Debt-to-Total-Asset Chart

Cinis Fertilizer AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.38

Cinis Fertilizer AB Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.37	0.38	0.39	0.40	0.37

Cinis Fertilizer AB LT-Debt-to-Total-Asset Calculation

Cinis Fertilizer 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 )
	=	296.4	/	786.7
	=

Cinis Fertilizer AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	323	/	883.2
	=	0.37

Cinis Fertilizer AB (OSTO:CINIS) 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.

Cinis Fertilizer AB LT-Debt-to-Total-Asset Related Terms

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Cinis Fertilizer AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Cinis Fertilizer AB (OSTO:CINIS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

9HJ:Germany

Address

Strandgatan 21, Ornskoldsvik, SWE, 891 33

Website

https://www.cinis-fertilizer.com

Cinis Fertilizer AB is a green tech company aiming to produce the world's most environmentally friendly mineral fertilizer, potassium sulfate, by recycling industrial waste products from the pulp & paper industry as well as the car battery manufacturing industry. The patent-protected technology will use half as much energy as today's production methods and the result is a fossil-free fertilizer with a close to zero carbon footprint, a unique and circular contribution enabling sustainable agriculture.

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