Momentum Group AB (OSTO:MMGR B) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Momentum Group 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. Momentum Group AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Momentum Group AB's long-term debt to total assets ratio increased from Mar. 2023 (0.11) to Mar. 2024 (0.22). It may suggest that Momentum Group AB is progressively becoming more dependent on debt to grow their business.

Momentum Group AB LT-Debt-to-Total-Asset Historical Data

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

Momentum Group AB Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.22

0.09

0.12

0.23

Momentum Group AB Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.11	0.23	0.22	0.23	0.22

Momentum Group AB LT-Debt-to-Total-Asset Calculation

Momentum Group 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 )
	=	419	/	1862
	=	0.23

Momentum Group 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 )
	=	424	/	1914
	=	0.22

Momentum Group AB (OSTO:MMGR 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.

Momentum Group AB LT-Debt-to-Total-Asset Related Terms

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Momentum Group AB (OSTO:MMGR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Momentum Group AB (OSTO:MMGR B) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

X64:Germany

Address

Ostermalmsgatan 87 E, Stockholm, SWE, SE-114 59

Website

https://www.momentum.group

Momentum Group AB operates, develops and acquires successful sustainable companies in the Nordic region through active ownership with decentralized profit and business responsibility. The group consists of a number of companies that together constitute one of the Nordic region's leading suppliers of industrial components, industrial services and other related services in the industrial sector.

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