Arctic Fish Holding AS (OSL:AFISH) LT-Debt-to-Total-Asset : 0.33 (As of Jun. 2023)

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What is Arctic Fish Holding 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. Arctic Fish Holding AS's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.33.

Arctic Fish Holding AS's long-term debt to total assets ratio increased from Mar. 2022 (0.22) to Jun. 2023 (0.33). It may suggest that Arctic Fish Holding AS is progressively becoming more dependent on debt to grow their business.

Arctic Fish Holding AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Arctic Fish Holding 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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Arctic Fish Holding AS LT-Debt-to-Total-Asset Chart

Arctic Fish Holding AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.22

0.36

0.56

Arctic Fish Holding AS Quarterly Data
	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.24	0.29	0.36	0.33	0.56

Arctic Fish Holding AS LT-Debt-to-Total-Asset Calculation

Arctic Fish Holding AS'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 )
	=	1458.728	/	2595.705
	=	0.56

Arctic Fish Holding AS'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 )
	=	764.673	/	2320.817
	=	0.33

Arctic Fish Holding AS (OSL:AFISH) 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.

Arctic Fish Holding AS LT-Debt-to-Total-Asset Related Terms

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Arctic Fish Holding AS (OSL:AFISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Arctic Fish Holding AS (OSL:AFISH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

6TW:Germany

Address

Sindragata 10, Isafjordur, ISL, 400

Website

https://www.arcticfish.is

Arctic Fish Holding AS is a fish farming company. It is engaged in farming and marketing Atlantic salmon. The fish farming business includes smolt production, salmon farming, harvesting activities, and sales of harvested fish.

Arctic Fish Holding AS (OSL:AFISH) Headlines

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