Gram Car Carriers ASA (OSTO:GCCO) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is Gram Car Carriers ASA 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. Gram Car Carriers ASA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

Gram Car Carriers ASA's long-term debt to total assets ratio declined from Mar. 2023 (0.46) to Mar. 2024 (0.36). It may suggest that Gram Car Carriers ASA is progressively becoming less dependent on debt to grow their business.

Gram Car Carriers ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gram Car Carriers ASA'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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Gram Car Carriers ASA LT-Debt-to-Total-Asset Chart

Gram Car Carriers ASA Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.25

0.49

0.40

Gram Car Carriers ASA Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.46	0.44	0.44	0.40	0.36

Gram Car Carriers ASA LT-Debt-to-Total-Asset Calculation

Gram Car Carriers ASA'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 )
	=	2671.815	/	6651.755
	=	0.40

Gram Car Carriers ASA'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 )
	=	2317.746	/	6393.62
	=	0.36

Gram Car Carriers ASA (OSTO:GCCo) 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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Gram Car Carriers ASA (OSTO:GCCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gram Car Carriers ASA (OSTO:GCCo) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GCC:Norway G39:Germany

Address

Bryggegata 9 (Aker Brygge), Oslo, NOR, 0250

Website

https://www.gramcar.com

Gram Car Carriers ASA is a tonnage provider with a fleet of distribution vessels, mid-size vessels, and Panamax vessels. Geographically company has a presence in Europe, Asia, and others. The majority of the revenue is derived from Asia.

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