Elopak ASA (STU:9J7) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2024)

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What is Elopak 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. Elopak ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.33.

Elopak ASA's long-term debt to total assets ratio increased from Dec. 2023 (0.32) to Dec. 2024 (0.33). It may suggest that Elopak ASA is progressively becoming more dependent on debt to grow their business.

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

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

Elopak ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.38

0.30

0.40

0.32

0.33

Elopak ASA 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															0.32	0.29	0.31	0.31	0.33

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

Elopak ASA'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 )
	=	342.959	/	1055.411
	=	0.32

Elopak ASA'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 )
	=	342.959	/	1055.411
	=	0.32

Elopak ASA (STU:9J7) 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.

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

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Elopak ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Elopak ASA (STU:9J7) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ELOo:Sweden ELO:Norway ELOo:UK 0AB3E:UK 9J7:Germany

Address

Industriveien 30, Spikkestad, NOR, 3430

Website

https://www.elopak.com

Elopak ASA is a supplier of carton packaging, filling equipment and technical services. It uses renewable, recyclable, and sustainably sourced materials to provide packaging solutions. The company offers a natural and convenient alternative to plastic bottles and fits within a low carbon circular economy. It generates the majority of its revenue from Cartons and closures, followed by Equipment, and services. The company's geographical segments include Germany, the United States, Canada, the Netherlands, Norway. and others.

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