Ericsson Nikola Tesla DD (ZAG:ERNT) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Ericsson Nikola Tesla DD 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. Ericsson Nikola Tesla DD's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Ericsson Nikola Tesla DD's long-term debt to total assets ratio increased from Jun. 2023 (0.02) to Jun. 2024 (0.07). It may suggest that Ericsson Nikola Tesla DD is progressively becoming more dependent on debt to grow their business.

Ericsson Nikola Tesla DD LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ericsson Nikola Tesla DD'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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Ericsson Nikola Tesla DD LT-Debt-to-Total-Asset Chart

Ericsson Nikola Tesla DD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.07

0.04

0.02

0.07

Ericsson Nikola Tesla DD Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.07	0.07	0.07	0.07

Ericsson Nikola Tesla DD LT-Debt-to-Total-Asset Calculation

Ericsson Nikola Tesla DD'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 )
	=	13.364	/	192.597
	=	0.07

Ericsson Nikola Tesla DD's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	13.305	/	179.972
	=	0.07

Ericsson Nikola Tesla DD (ZAG:ERNT) 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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Ericsson Nikola Tesla DD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ericsson Nikola Tesla DD (ZAG:ERNT) » Definitions » LT-Debt-to-Total-Asset

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Address

Krapinska 45, PO Box 93, Zagreb, HRV, 10002

Website

https://www.ericsson.com

Ericsson Nikola Tesla dd is a provider of communication products and services and ICT solutions related to healthcare, national and public safety, state administration, transport, utilities, and multimedia communication. The company's activities include marketing and sales, research and development, design of total communication solutions, services in multi-service and mobile networks area, including mobile Internet and complex system integration in all business areas. It operates in four segments Networks, Digital Services, Managed Services, and Others.

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