Storskogen Group AB (CHIX:STORCS) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is Storskogen Group AB 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. Storskogen Group AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

Storskogen Group AB's long-term debt to total assets ratio declined from Mar. 2023 (0.30) to Mar. 2024 (0.26). It may suggest that Storskogen Group AB is progressively becoming less dependent on debt to grow their business.

Storskogen Group AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Storskogen Group AB'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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Storskogen Group AB LT-Debt-to-Total-Asset Chart

Storskogen Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.30

0.22

0.30

0.26

Storskogen Group AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.30	0.28	0.27	0.26	0.26

Storskogen Group AB LT-Debt-to-Total-Asset Calculation

Storskogen Group AB'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 )
	=	11302	/	44169
	=	0.26

Storskogen Group AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	11667	/	45072
	=	0.26

Storskogen Group AB (CHIX:STORCs) 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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Storskogen Group AB (CHIX:STORCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Storskogen Group AB (CHIX:STORCs) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

STOR B:Sweden 0AA9:UK 0VK:Germany

Address

Hovslagargatan 3, 6th Floor, Stockholm, SWE, 111 48

Website

https://www.storskogen.com

Storskogen Group AB is an international group of businesses. It acquires and manages profitable small and medium-sized businesses with prime positions in their respective markets. It is divided into three business areas, Industry, Services, and Trade, predominantly in Sweden and with an increasing presence in the Nordics, Germany, Switzerland, and the UK.

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