Hagen Bikes Holding AS (OTSE:HAGEN) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2023)

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What is Hagen Bikes Holding 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. Hagen Bikes Holding AS's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.06.

Hagen Bikes Holding AS's long-term debt to total assets ratio declined from Jan. 2021 (0.15) to Jun. 2023 (0.06). It may suggest that Hagen Bikes Holding AS is progressively becoming less dependent on debt to grow their business.

Hagen Bikes Holding AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hagen Bikes Holding 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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Hagen Bikes Holding AS LT-Debt-to-Total-Asset Chart

Hagen Bikes Holding AS Annual Data

Trend

Jan19

Jan20

LT-Debt-to-Total-Asset

0.79

Hagen Bikes Holding AS Semi-Annual Data
	Jan19	Jan20	Jan21	Jun22	Jun23
LT-Debt-to-Total-Asset	-	0.79	0.15	-	0.06

Hagen Bikes Holding AS LT-Debt-to-Total-Asset Calculation

Hagen Bikes Holding AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2020 is calculated as

LT Debt to Total Assets (A: Jan. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2020 )	/	Total Assets (A: Jan. 2020 )
	=	0.019	/	0.024
	=	0.79

Hagen Bikes Holding AS'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 )
	=	0.01	/	0.165
	=	0.06

Hagen Bikes Holding AS (OTSE:HAGEN) 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.

Hagen Bikes Holding AS LT-Debt-to-Total-Asset Related Terms

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Hagen Bikes Holding AS (OTSE:HAGEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hagen Bikes Holding AS (OTSE:HAGEN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kopli tee 1/2-5, Peetri Township, Harju County, Rae Parish, EST

Website

https://www.hagenbikes.com

Hagen Bikes Holding AS is engaged in the production and development of cargo and box bicycles.

Hagen Bikes Holding AS (OTSE:HAGEN) Headlines

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