Resqunit AB (OSTO:RESQ) LT-Debt-to-Total-Asset : 0.42 (As of Jun. 2023)

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What is Resqunit 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. Resqunit AB's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.42.

Resqunit AB's long-term debt to total assets ratio increased from Jun. 2022 (0.17) to Jun. 2023 (0.42). It may suggest that Resqunit AB is progressively becoming more dependent on debt to grow their business.

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

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

Resqunit AB Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.10

0.33

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	-	0.17	0.33	0.42

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

Resqunit 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 )
	=	5.286	/	16.256
	=	0.33

Resqunit AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	5.048	/	11.988
	=	0.42

Resqunit AB (OSTO:RESQ) 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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Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

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