High Coast Distillery AB (OSTO:HIGHCO B) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is High Coast Distillery 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. High Coast Distillery AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

High Coast Distillery AB's long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.21). It may suggest that High Coast Distillery AB is progressively becoming more dependent on debt to grow their business.

High Coast Distillery AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for High Coast Distillery 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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High Coast Distillery AB LT-Debt-to-Total-Asset Chart

High Coast Distillery AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

0.21

0.37

0.36

High Coast Distillery AB Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.16	0.15	0.18	0.36	0.21

High Coast Distillery AB LT-Debt-to-Total-Asset Calculation

High Coast Distillery 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 )
	=	80.349	/	225.446
	=	0.36

High Coast Distillery 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 )
	=	49.874	/	239.167
	=	0.21

High Coast Distillery AB (OSTO:HIGHCO 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.

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High Coast Distillery AB (OSTO:HIGHCO B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » High Coast Distillery AB (OSTO:HIGHCO B) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sörviken 140, Bjärtrå, SWE, 872 96

Website

https://www.highcoastwhisky.se

High Coast Distillery AB (publ) manufactures, stores, bottles, markets and sells single malt whiskey.

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