Ice Fish Farm AS (OSL:IFISH) LT-Debt-to-Total-Asset : 0.25 (As of Mar. 2024)

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What is Ice Fish Farm 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. Ice Fish Farm AS's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.25.

Ice Fish Farm AS's long-term debt to total assets ratio increased from Mar. 2023 (0.15) to Mar. 2024 (0.25). It may suggest that Ice Fish Farm AS is progressively becoming more dependent on debt to grow their business.

Ice Fish Farm AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ice Fish Farm 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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Ice Fish Farm AS LT-Debt-to-Total-Asset Chart

Ice Fish Farm AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.17

0.25

0.17

0.25

Ice Fish Farm AS Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	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															0.15	0.23	0.25	0.25	0.25

Ice Fish Farm AS LT-Debt-to-Total-Asset Calculation

Ice Fish Farm 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 )
	=	1246.924	/	5053.225
	=	0.25

Ice Fish Farm 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 )
	=	1320.234	/	5237.96
	=	0.25

Ice Fish Farm AS (OSL:IFISH) 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.

Ice Fish Farm AS LT-Debt-to-Total-Asset Related Terms

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Ice Fish Farm AS (OSL:IFISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ice Fish Farm AS (OSL:IFISH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

4YYA:Germany

Address

Fiskeldi Austfjaroa hf, Nesbala 122, Seltjarnarnes, ISL, 170

Website

https://www.icefishfarm.is

Ice Fish Farm AS provides salmon fishes. The company is engaged in the breeding activity of salmon fishes in Iceland.

Ice Fish Farm AS (OSL:IFISH) Headlines

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