Green Landscaping Group AB (OSTO:GREEN) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Green Landscaping 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. Green Landscaping Group AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Green Landscaping Group AB's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.07). It may suggest that Green Landscaping Group AB is progressively becoming less dependent on debt to grow their business.

Green Landscaping Group AB LT-Debt-to-Total-Asset Historical Data

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

Green Landscaping Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.35

0.39

0.42

0.40

Green Landscaping 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															0.08	0.08	0.08	0.40	0.07

Green Landscaping Group AB LT-Debt-to-Total-Asset Calculation

Green Landscaping 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 )
	=	2120	/	5364
	=	0.40

Green Landscaping 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 )
	=	372	/	5211
	=	0.07

Green Landscaping Group AB (OSTO:GREEN) 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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Green Landscaping Group AB (OSTO:GREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Green Landscaping Group AB (OSTO:GREEN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

2WN:Germany

Address

Biblioteksgatan 25, Stockholm, SWE, 114 35

Website

https://www.greenlandscapinggroup.se

Green Landscaping Group AB is engaged in maintenance and planning of outdoor environments such as green areas, parks, courtyards, tree care and sports facilities. The service areas it is involved in are landscaping and construction and ground maintenance. During winter, it also offers snow and ice removal. The Group is gathered under six geographic segments: Region South, Region Mid, Region Stockholm, Region North, Region Norway and Region Finland and other.

Green Landscaping Group AB (OSTO:GREEN) Headlines

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