ELMO Rent AS (OTSE:ELMO) LT-Debt-to-Total-Asset : 0.69 (As of Jun. 2024)

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What is ELMO Rent AS 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. ELMO Rent AS's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.69.

ELMO Rent AS's long-term debt to total assets ratio increased from Jun. 2023 (0.51) to Jun. 2024 (0.69). It may suggest that ELMO Rent AS is progressively becoming more dependent on debt to grow their business.

ELMO Rent AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for ELMO Rent AS'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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ELMO Rent AS LT-Debt-to-Total-Asset Chart

ELMO Rent AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.17

0.77

0.45

0.41

0.56

ELMO Rent AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.41	0.41	0.51	0.56	0.69

ELMO Rent AS LT-Debt-to-Total-Asset Calculation

ELMO Rent AS'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 )
	=	1.978	/	3.553
	=	0.56

ELMO Rent AS's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	2.077	/	3.016
	=	0.69

ELMO Rent AS (OTSE:ELMO) 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.

ELMO Rent AS LT-Debt-to-Total-Asset Related Terms

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ELMO Rent AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ELMO Rent AS (OTSE:ELMO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kivi 12, Laane-Harju Vald, Harju maakond, Paldiski linn, EST, 76805

Website

https://www.elmorent.ee

ELMO Rent AS provides green vehicle-sharing services and develops, launches, and scales related green and innovative technologies, such as a vehicle fleet IT operation system, an automatic controller, and a remotely controlled vehicle.

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