XANO Industri AB (OSTO:XANO B) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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

XANO Industri AB's long-term debt to total assets ratio declined from Mar. 2023 (0.30) to Mar. 2024 (0.00). It may suggest that XANO Industri AB is progressively becoming less dependent on debt to grow their business.

XANO Industri AB LT-Debt-to-Total-Asset Historical Data

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

XANO Industri AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.21

0.28

XANO Industri AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	-	-	0.28	-

XANO Industri AB LT-Debt-to-Total-Asset Calculation

XANO Industri 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 )
	=	1067.16	/	3760.7
	=	0.28

XANO Industri 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	/	3865
	=	0.00

XANO Industri AB (OSTO:XANO B) 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.

XANO Industri AB LT-Debt-to-Total-Asset Related Terms

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XANO Industri AB (OSTO:XANO B) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

F4E:Germany

Address

Industrigatan 14 B, Jonkoping, SWE, 55302

Website

http://www.xano.se

XANO Industri AB develops, acquires and manages manufacturing businesses with products and systems with related services. Its subsidiaries are engaged in the business of manufacturing, and development of industrial products and automation equipment. The company's operations are divided into the Industrial solutions, Precision technology, and Rotational molding business units. It derives the majority of its revenues from the Industrial solutions business unit. The firm operates in the Nordic countries, Estonia, the Netherlands, Poland, China, and the United States.

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