Elanders AB (OSTO:ELAN B) LT-Debt-to-Total-Asset : 0.53 (As of Mar. 2024)

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What is Elanders 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. Elanders AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.53.

Elanders AB's long-term debt to total assets ratio increased from Mar. 2023 (0.51) to Mar. 2024 (0.53). It may suggest that Elanders AB is progressively becoming more dependent on debt to grow their business.

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

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

Elanders AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.37

0.44

0.49

Elanders 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															0.51	0.52	0.46	0.49	0.53

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

Elanders 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 )
	=	7604.7	/	15630.4
	=	0.49

Elanders 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 )
	=	9028	/	17053
	=	0.53

Elanders AB (OSTO:ELAN 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.

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

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Elanders AB (OSTO:ELAN B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Elanders AB (OSTO:ELAN B) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0JBY:UK EA5B:Germany

Address

Flojelbergsgatan 1 C, Molndal, SWE, SE-431 35

Website

https://www.elanders.com

Elanders AB is engaged in offering services and total solutions in supply chain management. The company operates through two business areas, Supply Chain Solutions, and Print and Packaging Solutions. It generates maximum revenue from the Supply Chain Solutions segment. Geographically, it derives a majority of revenue from Germany. Its services include Global Order Management; Custom Configuration and Assembly; Warehousing and Inventory Management and others.

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