PRFoods AS (OTSE:PRF1T) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is PRFoods 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. PRFoods AS's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

PRFoods AS's long-term debt to total assets ratio declined from Sep. 2023 (0.53) to Sep. 2024 (0.16). It may suggest that PRFoods AS is progressively becoming less dependent on debt to grow their business.

PRFoods AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for PRFoods 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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PRFoods AS LT-Debt-to-Total-Asset Chart

PRFoods AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.22

0.32

0.46

0.50

0.16

PRFoods AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.53	0.51	0.15	0.16	0.16

PRFoods AS LT-Debt-to-Total-Asset Calculation

PRFoods AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	3.599	/	21.916
	=	0.16

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	3.47	/	21.85
	=	0.16

PRFoods AS (OTSE:PRF1T) 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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PRFoods AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PRFoods AS (OTSE:PRF1T) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karsa Port, Suure-Rootsi Village, Saare County, Saaremaa, EST, 94129

Website

https://www.prfoods.ee

PRFoods AS is engaged in farming, production, and sales of fish and fish products. Its main products are salmon and rainbow trout products sold through brands like Saare Kala, John Ross Jr, and Coln Valley Smokery. The company's business segments are Estonia, the United Kingdom, and Central Activities. The majority of its revenue is generated from the United Kingdom segment which includes the production of salmon products.

PRFoods AS Headlines

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