Balco Group AB (OSTO:BALCO) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Balco 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. Balco Group AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Balco Group AB's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.23). It may suggest that Balco Group AB is progressively becoming more dependent on debt to grow their business.

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

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

Balco Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.19

0.16

0.11

0.18

Balco Group AB Quarterly Data
	Jun19	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															0.14	0.17	0.17	0.18	0.23

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

Balco 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 )
	=	225.407	/	1267.203
	=	0.18

Balco 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 )
	=	392.9	/	1697.8
	=	0.23

Balco Group AB (OSTO:BALCO) 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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Balco Group AB (OSTO:BALCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Balco Group AB (OSTO:BALCO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

B9C:Germany

Address

Algvagen 4, Vaxjo, SWE, 352 45

Website

https://www.balcogroup.se

Balco Group AB provides expertise in supplying glazed balconies and balcony solutions. It offers customer-adapted and balcony solutions to tenant-owner associations, the public housing sector, private landlords, and construction companies. Its operating segment includes Renovation, New Build, and others. It generates maximum revenue from the Renovation segment. Geographically, it derives a majority of its revenue from Sweden and also has a presence in Germany, Norway, Denmark the United Kingdom, Netherlands, Finland, and Switzerland.

Balco Group AB (OSTO:BALCO) Headlines

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