Ngenic AB (OSTO:NGENIC) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Ngenic 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. Ngenic AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Ngenic AB's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Mar. 2024 (0.00). It may suggest that Ngenic AB is progressively becoming less dependent on debt to grow their business.

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

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

Ngenic AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.20

0.16

0.22

0.06

Ngenic AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.06	-	-	-	-

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

Ngenic AB'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 )
	=	4.213	/	76.021
	=	0.06

Ngenic 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 )
	=	0	/	74.725
	=	0.00

Ngenic AB (OSTO:NGENIC) 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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Ngenic AB (OSTO:NGENIC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 41, Uppsala, SWE, 753 21

Website

https://www.ngenic.se

Ngenic AB is an independent energy technology company. It works with digitization and streamlining of energy systems, with energy companies, property owners, tenant-owner associations and homeowners as customers.

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