Tekna Holding ASA (STU:8VB) LT-Debt-to-Total-Asset : 0.47 (As of Sep. 2024)

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What is Tekna Holding 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. Tekna Holding ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.47.

Tekna Holding ASA's long-term debt to total assets ratio increased from Sep. 2023 (0.32) to Sep. 2024 (0.47). It may suggest that Tekna Holding ASA is progressively becoming more dependent on debt to grow their business.

Tekna Holding ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tekna Holding 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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Tekna Holding ASA LT-Debt-to-Total-Asset Chart

Tekna Holding ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.79

0.47

0.04

0.07

0.33

Tekna Holding ASA 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															0.32	0.33	0.40	0.43	0.47

Tekna Holding ASA LT-Debt-to-Total-Asset Calculation

Tekna Holding 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 )
	=	17.385	/	52.127
	=	0.33

Tekna Holding 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 )
	=	22	/	46.859
	=	0.47

Tekna Holding ASA (STU:8VB) 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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Tekna Holding ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tekna Holding ASA (STU:8VB) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TEKNA:Norway

Address

2935 Boul.Industriel, Sherbrooke, QC, CAN, J1L 2T9

Website

https://www.tekna.com

Tekna Holding ASA is a producer of micro and nano-sized materials. It develops, manufactures, and sells advanced micron and nanopowders as well as plasma process solutions. It has developed a unique and proprietary plasma technology platform for manufacturing micro and nano-sized powders for a range of industries. Its model relies on two revenue streams Development and sale of plasma systems and Development and sale of advanced powders. It has a geographic presence in North America, Europe, and Asia/the Rest of the world.

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