Navigo Invest AB (OSTO:NAVIGO PREF) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Navigo Invest 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. Navigo Invest AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Navigo Invest AB's long-term debt to total assets ratio declined from Mar. 2023 (0.05) to Mar. 2024 (0.04). It may suggest that Navigo Invest AB is progressively becoming less dependent on debt to grow their business.

Navigo Invest AB LT-Debt-to-Total-Asset Historical Data

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

Navigo Invest AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.35

0.02

0.04

Navigo Invest 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															0.05	0.04	0.04	0.04	0.04

Navigo Invest AB LT-Debt-to-Total-Asset Calculation

Navigo Invest 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 )
	=	77.961	/	1936.596
	=	0.04

Navigo Invest 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 )
	=	72.952	/	1923.481
	=	0.04

Navigo Invest AB (OSTO:NAVIGO PREF) 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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Navigo Invest AB (OSTO:NAVIGO PREF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Navigo Invest AB (OSTO:NAVIGO PREF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NAVIGO STAM:Sweden

Address

Stora Nygatan 31, Göteborg, SWE, 411 08

Website

https://www.navigoinvest.com

Navigo Invest AB is an investment company that invests in smaller and medium sized unlisted companies in Sweden. The company also offers professional services, Pegroco Advisory, which includes services within capital procurement, company transactions and business development.

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