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Norske Skogindustrier ASA (OSTO:NSGO) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)


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What is Norske Skogindustrier ASA 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. Norske Skogindustrier ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

Norske Skogindustrier ASA's long-term debt to total assets ratio increased from Dec. 2022 (0.25) to Dec. 2023 (0.31). It may suggest that Norske Skogindustrier ASA is progressively becoming more dependent on debt to grow their business.


Norske Skogindustrier ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Norske Skogindustrier ASA'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.

* Premium members only.

Norske Skogindustrier ASA LT-Debt-to-Total-Asset Chart

Norske Skogindustrier ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.21 0.26 0.25 0.31

Norske Skogindustrier ASA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.27 0.28 0.32 0.31

Norske Skogindustrier ASA LT-Debt-to-Total-Asset Calculation

Norske Skogindustrier ASA'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 )
=4536/14755
=0.31

Norske Skogindustrier ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=4536/14755
=0.31

* 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.


Norske Skogindustrier ASA  (OSTO:NSGo) 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.


Norske Skogindustrier ASA LT-Debt-to-Total-Asset Related Terms

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Norske Skogindustrier ASA (OSTO:NSGO) Business Description

Traded in Other Exchanges
Address
Sjolyst plass 2, Oslo, NOR, 0278
Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nano cellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe, and one industrial site in Australasia.

Norske Skogindustrier ASA (OSTO:NSGO) Headlines

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