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SVZRF (Svitzer Group AS) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2024)


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What is Svitzer Group AS 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. Svitzer Group AS's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

Svitzer Group AS's long-term debt to total assets ratio increased from Dec. 2023 (0.05) to Dec. 2024 (0.29). It may suggest that Svitzer Group AS is progressively becoming more dependent on debt to grow their business.

Svitzer Group AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Svitzer Group AS'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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Svitzer Group AS LT-Debt-to-Total-Asset Chart

Svitzer Group AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
0.02 0.05 0.05 0.29

Svitzer Group AS Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.05 - 0.05 0.35 0.29

Svitzer Group AS LT-Debt-to-Total-Asset Calculation

Svitzer Group AS'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 )
=500.835/1755.241
=0.29

Svitzer Group AS'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 )
=500.835/1755.241
=0.29

* 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.

Svitzer Group AS  (OTCPK:SVZRF) 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.

Svitzer Group AS LT-Debt-to-Total-Asset Related Terms

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Svitzer Group AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Svitzer Group AS (OTCPK:SVZRF) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
OCSE:DNORD OCSE:DFDS OCSE:ERRIA HKSE:01919 BOM:532921 XTER:HLAG OCSE:MAERSK B SHSE:600018 TSE:9101 TPE:2603 PHS:ICT TSE:9104 XKRX:011200 SHSE:601018 ADX:ADNOCLS HKSE:00316 TSE:9107 HKSE:06198 TPE:2609 BOM:543994
Traded in Other Exchanges
SVITZR:Denmark 9Y1:Germany
Address
Sundkrogsgade 17, Copenhagen, DNK, 2100
Website
https://www.svitzer.com
Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.