OVB Holding AG (STU:O4B) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is OVB Holding AG 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. OVB Holding AG's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

OVB Holding AG's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.03). It may suggest that OVB Holding AG is progressively becoming less dependent on debt to grow their business.

OVB Holding AG LT-Debt-to-Total-Asset Historical Data

The historical data trend for OVB Holding AG'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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OVB Holding AG LT-Debt-to-Total-Asset Chart

OVB Holding AG Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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OVB Holding AG 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															0.04	-	0.03	0.03	0.03

OVB Holding AG LT-Debt-to-Total-Asset Calculation

OVB Holding AG'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 )
	=	0	/	272.963
	=	0.00

OVB Holding AG'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 )
	=	8.321	/	286.222
	=	0.03

OVB Holding AG (STU:O4B) 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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OVB Holding AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » OVB Holding AG (STU:O4B) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

O4B:Germany

Address

Heumarkt 1, Cologne, DEU, 50667

Website

https://www.ovb.eu

OVB Holding AG provides financial advisory services related to financial security, risk protection, and asset generation. It acts as a link between the customers and providers of financial investment and insurance products. The company operates banks, insurance, and investment companies throughout Europe and selects customer-specific solutions on the basis of their offers. The firm has operations across Central and Eastern Europe, Germany, and Southern and Western Europe. It recognizes majority of its revenues from brokerage received.

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