Ekobot AB (OSTO:EKOBOT) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Ekobot 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. Ekobot AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Ekobot AB's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.31). It may suggest that Ekobot AB is progressively becoming more dependent on debt to grow their business.

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

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

Ekobot AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.19

0.25

0.17

0.13

0.12

Ekobot AB Quarterly Data
	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													0.07	0.10	0.09	0.12	0.31

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

Ekobot 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 )
	=	3.245	/	27.591
	=	0.12

Ekobot 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 )
	=	3.245	/	10.637
	=

Ekobot AB (OSTO:EKOBOT) 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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Ekobot AB (OSTO:EKOBOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ekobot AB (OSTO:EKOBOT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

0NT:Germany

Address

Slakterigatan 10, Vasteras, SWE, 721 32

Website

https://www.ekobot.se

Ekobot AB is an agriculture research company engaged in developing, manufacturing, and selling autonomous agricultural robots that enable efficient precision farming where weed management takes place without or with minimal use of herbicides. It has focused on providing the agricultural sector with a long-term sustainable alternative for reducing chemical spraying in crops for human consumption.

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