Synsam AB (OSTO:SYNSAM) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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

Synsam AB's long-term debt to total assets ratio declined from Dec. 2022 (0.38) to Dec. 2023 (0.31). It may suggest that Synsam AB is progressively becoming less dependent on debt to grow their business.

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

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

Synsam AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.94

0.89

0.38

0.31

Synsam AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.38	0.37	0.38	0.38	0.31

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

Synsam 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 )
	=	2469	/	8036
	=	0.31

Synsam AB'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 )
	=	2469	/	8036
	=	0.31

Synsam AB (OSTO:SYNSAM) 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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Synsam AB (OSTO:SYNSAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Synsam AB (OSTO:SYNSAM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

9FZ:Germany

Address

Sankt Eriksgatan 60, Stockholm, SWE, 112 34

Website

https://www.synsamgroup.com

Synsam AB is a lifestyle company in optics and eye health in the Nordic region. The company offers a wide and innovative range of products in physical and digital stores. It also offers several subscription services as well as the opportunity to virtually try out entire range of glasses on mobile.

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