ABAS Protect AB (XSAT:ABAS) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is ABAS Protect 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. ABAS Protect AB's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

ABAS Protect AB's long-term debt to total assets ratio declined from Mar. 2023 (0.37) to Mar. 2024 (0.29). It may suggest that ABAS Protect AB is progressively becoming less dependent on debt to grow their business.

ABAS Protect AB LT-Debt-to-Total-Asset Historical Data

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

ABAS Protect AB Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.47

0.42

0.34

0.22

0.24

ABAS Protect AB Quarterly Data
	Nov19	Nov20	Nov21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.37	0.33	0.32	0.24	0.29

ABAS Protect AB LT-Debt-to-Total-Asset Calculation

ABAS Protect 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 )
	=	19.017	/	79.195
	=	0.24

ABAS Protect 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 )
	=	24.163	/	83.617
	=	0.29

ABAS Protect AB (XSAT:ABAS) 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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ABAS Protect AB (XSAT:ABAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » ABAS Protect AB (XSAT:ABAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gislavedsvagen 3, Ambjornarp, SWE, SE-514 93

Website

https://www.abas.se

ABAS Protect AB is a privately owned family business that specializes in manufacturing area protection. It serves the Swedish market with safety products. Its product offerings comprise Gates, Fence, Booms & Bollards, Home & Villa gates, and fences, Preschool & children's cottage gates and fences, and Other products.

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