Viva Wine Group AB (OSTO:VIVA) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Viva Wine 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. Viva Wine Group AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Viva Wine Group AB's long-term debt to total assets ratio declined from Dec. 2022 (0.19) to Dec. 2023 (0.15). It may suggest that Viva Wine Group AB is progressively becoming less dependent on debt to grow their business.

Viva Wine Group AB LT-Debt-to-Total-Asset Historical Data

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

Viva Wine Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.10

0.20

0.19

0.15

Viva Wine Group AB Quarterly Data
	Dec18	Dec19	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											0.19	0.19	0.19	0.16	0.15

Viva Wine Group AB LT-Debt-to-Total-Asset Calculation

Viva Wine 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 )
	=	538	/	3635
	=	0.15

Viva Wine Group 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 )
	=	538	/	3635
	=	0.15

Viva Wine Group AB (OSTO:VIVA) 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.

Viva Wine Group AB LT-Debt-to-Total-Asset Related Terms

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Viva Wine Group AB (OSTO:VIVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Viva Wine Group AB (OSTO:VIVA) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Blasieholmsgatan 4A, Stockholm, SWE, 111 48

Website

https://www.vivagroup.se

Viva Wine Group AB is a Sweden-based wine group operating in the e-commerce alcoholic beverages market. It develops, markets, and sells both wholly owned and partner brands in several markets. The company's geographical segments include Sweden, Finland, Germany, Norway, and other countries, of which Sweden accounts for the majority of its revenue.

Viva Wine Group AB (OSTO:VIVA) Headlines

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