Endur ASA (STU:4ZT0) LT-Debt-to-Total-Asset : 0.29 (As of Sep. 2024)

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What is Endur ASA 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. Endur ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.29.

Endur ASA's long-term debt to total assets ratio increased from Sep. 2023 (0.26) to Sep. 2024 (0.29). It may suggest that Endur ASA is progressively becoming more dependent on debt to grow their business.

Endur ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Endur ASA'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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Endur ASA LT-Debt-to-Total-Asset Chart

Endur ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.27

0.38

0.34

0.31

Endur ASA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	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															0.26	0.31	0.31	0.31	0.29

Endur ASA LT-Debt-to-Total-Asset Calculation

Endur ASA'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 )
	=	78.893	/	255.479
	=	0.31

Endur ASA'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 )
	=	76.532	/	261.455
	=	0.29

Endur ASA (STU:4ZT0) 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.

Endur ASA LT-Debt-to-Total-Asset Related Terms

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Endur ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Endur ASA (STU:4ZT0) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ENDUR:Norway 0JGO:UK

Address

Damsgardsveien 229, Laksevag, NOR, 5160

Website

https://www.endur.no

Endur ASA is an investment holding company. The company's segments are Aquaculture solutions, Marine infrastructure, and Others, majorly revenue is derived from Aquaculture solutions.

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