Utenos Trikotazas AB (OVSE:UTR1L) LT-Debt-to-Total-Asset : 0.53 (As of Dec. 2024)

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What is Utenos Trikotazas 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. Utenos Trikotazas AB's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.53.

Utenos Trikotazas AB's long-term debt to total assets ratio increased from Dec. 2023 (0.27) to Dec. 2024 (0.53). It may suggest that Utenos Trikotazas AB is progressively becoming more dependent on debt to grow their business.

Utenos Trikotazas AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Utenos Trikotazas 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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Utenos Trikotazas AB LT-Debt-to-Total-Asset Chart

Utenos Trikotazas AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.12

0.18

0.32

0.27

0.53

Utenos Trikotazas AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.31	0.33	0.38	0.53

Utenos Trikotazas AB LT-Debt-to-Total-Asset Calculation

Utenos Trikotazas AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	8.348	/	15.909
	=	0.52

Utenos Trikotazas AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	8.348	/	15.909
	=	0.52

Utenos Trikotazas AB (OVSE:UTR1L) 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.

Utenos Trikotazas AB LT-Debt-to-Total-Asset Related Terms

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Utenos Trikotazas AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Utenos Trikotazas AB (OVSE:UTR1L) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

J. Basanaviciaus Street 122, Utena, LTU, LT-28214

Website

https://www.ut.lt

Utenos Trikotažas AB is a knit-wear and textile article. It operates through two main business areas: the Production of Knitted Articles and the Production of Working Clothes. The company derives maximum revenue from the production of the knitted articles segment. DACH (Germany, Austria, and Switzerland); Scandinavia (Sweden, Denmark, Norway, and Finland); and Lithuania markets.

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