Eolus Vind AB (OSTO:EOLU B) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Eolus Vind 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. Eolus Vind AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Eolus Vind AB's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.18). It may suggest that Eolus Vind AB is progressively becoming more dependent on debt to grow their business.

Eolus Vind AB LT-Debt-to-Total-Asset Historical Data

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

Eolus Vind AB Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.08

0.01

0.12

0.19

Eolus Vind AB Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.17	0.23	0.19	0.18

Eolus Vind AB LT-Debt-to-Total-Asset Calculation

Eolus Vind 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 )
	=	528	/	2808
	=	0.19

Eolus Vind 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 )
	=	541	/	2958
	=	0.18

Eolus Vind AB (OSTO:EOLU 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.

Eolus Vind AB LT-Debt-to-Total-Asset Related Terms

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Eolus Vind AB (OSTO:EOLU B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Eolus Vind AB (OSTO:EOLU B) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

7EVB:Germany

Address

Tredje Avenyen 3, Box 95, Hassleholm, SWE, 281 21

Website

https://www.eolusvind.com

Eolus Vind AB is a wind power contractor in Sweden. The company is engaged in the development and construction of wind turbines for divestment or proprietary management. It is also engaged in project development activity which includes pre-study, project development, establishment, and sale of wind power facilities. Its project portfolio includes onshore wind, offshore wind, solar power, storage, and sea-based wind. The majority of its revenue comes from the project planning segment.

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