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Scandinavian Medical Solutions AS (OCSE:SMSMED) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)


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What is Scandinavian Medical Solutions 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. Scandinavian Medical Solutions AS's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Scandinavian Medical Solutions AS's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.10). It may suggest that Scandinavian Medical Solutions AS is progressively becoming more dependent on debt to grow their business.

Scandinavian Medical Solutions AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Scandinavian Medical Solutions 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.

* Premium members only.

Scandinavian Medical Solutions AS LT-Debt-to-Total-Asset Chart

Scandinavian Medical Solutions AS Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23
LT-Debt-to-Total-Asset
- - - - 0.11

Scandinavian Medical Solutions AS Semi-Annual Data
Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only - - 0.07 0.11 0.10

Scandinavian Medical Solutions AS LT-Debt-to-Total-Asset Calculation

Scandinavian Medical Solutions AS's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (A: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Sep. 2023 )/Total Assets (A: Sep. 2023 )
=17.69/163.964
=0.11

Scandinavian Medical Solutions AS'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 )
=15.877/164.236
=0.10

* 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.

Scandinavian Medical Solutions AS  (OCSE:SMSMED) 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.

Scandinavian Medical Solutions AS LT-Debt-to-Total-Asset Related Terms

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Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
OCSE:VIRO ABT SYK MDT BSX SZSE:300760 EW DXCM ZBH STE XAMS:PHIA XSWX:SOON ALGN SHSE:688271 ASX:COH LSE:SN. PODD OCSE:DEMANT BRKR BIO
Traded in Other Exchanges
K41:Germany
Address
Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000
Website
https://www.scandinavian-medical.com
Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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