Hexicon AB (OSTO:HEXI) LT-Debt-to-Total-Asset : 0.30 (As of Sep. 2024)

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What is Hexicon 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. Hexicon AB's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.30.

Hexicon AB's long-term debt to total assets ratio increased from Sep. 2023 (0.21) to Sep. 2024 (0.30). It may suggest that Hexicon AB is progressively becoming more dependent on debt to grow their business.

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

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

Hexicon AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.16

Hexicon AB Quarterly Data
	Dec19	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														0.21	0.16	0.32	0.29	0.30

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

Hexicon 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 )
	=	78.339	/	501.639
	=	0.16

Hexicon 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 )
	=	180.2	/	603.8
	=	0.30

Hexicon AB (OSTO:HEXI) 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.

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

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Hexicon AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hexicon AB (OSTO:HEXI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

67T:Germany

Address

Ostra Jarnvagsgatan 27, Stockholm, SWE, 111 20

Website

https://www.hexicongroup.com

Hexicon AB is a project developer of floating offshore wind, opening new markets in deep water areas, and a technology provider with a patented floating wind design. The company has projects in the United Kingdom, Sweden, Italy, South Korea, and South Africa along with a prospect in Ireland. The company generates a majority of its revenue from Sweden followed by Asia and other parts of Europe.

Hexicon AB Headlines

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