Swemet AB (NGM:SWEM B) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Swemet 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. Swemet AB's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Swemet AB's long-term debt to total assets ratio declined from Jun. 2022 (0.01) to Jun. 2023 (0.00). It may suggest that Swemet AB is progressively becoming less dependent on debt to grow their business.

Swemet AB LT-Debt-to-Total-Asset Historical Data

The historical data trend for Swemet 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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Swemet AB LT-Debt-to-Total-Asset Chart

Swemet AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.11

0.04

0.03

0.01

Swemet AB Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.02	0.01	0.01	-	-

Swemet AB LT-Debt-to-Total-Asset Calculation

Swemet AB's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.05	/	32.683
	=	0.00

Swemet AB's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0	/	36.477
	=	0.00

Swemet AB (NGM:SWEM B) 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.

Swemet AB LT-Debt-to-Total-Asset Related Terms

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Swemet AB (NGM:SWEM B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Swemet AB (NGM:SWEM B) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Norra Oskarsgatan 34, Linkoping, SWE, 58273

Website

http://www.swemet.se

Swemet AB is engaged in the provision of smart meters and accessories, installation and management for AMR systems. The company's products include MFA 400, PQA 400, MFA 600 and EMC Filters.

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