Reach Subsea ASA (FRA:4RS) Debt-to-Asset : 0.54 (As of Mar. 2024)

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What is Reach Subsea ASA Debt-to-Asset?

Reach Subsea ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €53.9 Mil. Reach Subsea ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €95.7 Mil. Reach Subsea ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €276.7 Mil. Reach Subsea ASA's debt to asset for the quarter that ended in Mar. 2024 was 0.54.

Reach Subsea ASA Debt-to-Asset Historical Data

The historical data trend for Reach Subsea ASA's Debt-to-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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Reach Subsea ASA Debt-to-Asset Chart

Reach Subsea ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.41

0.11

0.42

0.14

0.47

Reach Subsea ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.28	0.54	0.51	0.47	0.54

Competitive Comparison of Reach Subsea ASA's Debt-to-Asset

For the Oil & Gas Equipment & Services subindustry, Reach Subsea ASA's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Reach Subsea ASA's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reach Subsea ASA's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Reach Subsea ASA's Debt-to-Asset falls into.

Reach Subsea ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Reach Subsea ASA's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(34.44	+	75.046)	/	233.642
	=	0.47

Reach Subsea ASA's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(53.916	+	95.724)	/	276.666
	=	0.54

Reach Subsea ASA (FRA:4RS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Reach Subsea ASA Debt-to-Asset Related Terms

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Reach Subsea ASA (FRA:4RS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (FRA:4RS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

REACHo:Sweden REACH:Norway

Address

Møllervegen 6, Haugesund, NOR, 5525

Website

https://www.reachsubsea.no

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

Reach Subsea ASA (FRA:4RS) Headlines

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