Lauritz.com Group A/S (OSTO:LAUR) LT-Debt-to-Total-Asset : 0.75 (As of Mar. 2023)

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What is Lauritz.com Group A/S 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. Lauritz.com Group A/S's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.75.

Lauritz.com Group A/S's long-term debt to total assets ratio increased from Mar. 2022 (0.73) to Mar. 2023 (0.75). It may suggest that Lauritz.com Group A/S is progressively becoming more dependent on debt to grow their business.

Lauritz.com Group A/S LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lauritz.com Group A/S'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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Lauritz.com Group A/S LT-Debt-to-Total-Asset Chart

Lauritz.com Group A/S Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.06

0.01

0.72

0.85

Lauritz.com Group A/S Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.73	0.87	0.87	0.85	0.75

Lauritz.com Group A/S LT-Debt-to-Total-Asset Calculation

Lauritz.com Group A/S's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	145.372	/	171.276
	=	0.85

Lauritz.com Group A/S's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	157.114	/	209.521
	=	0.75

Lauritz.com Group A/S (OSTO:LAUR) 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.

Lauritz.com Group A/S LT-Debt-to-Total-Asset Related Terms

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Lauritz.com Group A/S (OSTO:LAUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lauritz.com Group A/S (OSTO:LAUR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dynamovej 11C, Soborg, DNK, 2860

Website

https://www.lauritz.com

Lauritz.com Group A/S provides online auctions service. It offers traditional auctions of art, design, antiques & home luxury online. The company operates through its own auction houses and auction houses operated by partners under partnership agreements. The products auctioned by the company include carpets, rugs, textiles, clothing, shoes, accessories, electronics, furniture, sports and leisure, home and garden, paintings, etc.