Coor Service Management Holding AB (OSTO:COOR) LT-Debt-to-Total-Asset : 0.36 (As of Sep. 2024)

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What is Coor Service Management Holding 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. Coor Service Management Holding AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.36.

Coor Service Management Holding AB's long-term debt to total assets ratio increased from Sep. 2023 (0.32) to Sep. 2024 (0.36). It may suggest that Coor Service Management Holding AB is progressively becoming more dependent on debt to grow their business.

Coor Service Management Holding AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coor Service Management Holding 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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Coor Service Management Holding AB LT-Debt-to-Total-Asset Chart

Coor Service Management Holding AB Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.25

0.31

0.28

0.21

Coor Service Management Holding AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.32	0.21	0.34	0.35	0.36

Coor Service Management Holding AB LT-Debt-to-Total-Asset Calculation

Coor Service Management Holding 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 )
	=	1535	/	7428
	=	0.21

Coor Service Management Holding 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 )
	=	2508	/	7068
	=	0.35

Coor Service Management Holding AB (OSTO:COOR) 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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Coor Service Management Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Coor Service Management Holding AB (OSTO:COOR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0R8Q:UK COE:Germany

Address

Knarrarnasgatan 7, Kista, SWE, SE-164 99

Website

https://www.coor.com

Coor Service Management Holding AB is a Sweden-based company providing integrated facility management services in the Nordic region with specialist expertise in workplace services, property services, and strategic consulting. Coor offers effective and flexible solutions that create business benefits for customers. The company conducts operations in Sweden, Norway, Denmark, and Finland, but also Belgium, and Estonia. It generates revenue from sales of services that are provided under the terms of subscription contracts or on a fixed-price or time and materials basis.

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