Neste OYJ (OHEL:NESTE) Debt-to-Asset : 0.26 (As of Mar. 2024)

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What is Neste OYJ Debt-to-Asset?

Neste OYJ's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €814 Mil. Neste OYJ's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €3,528 Mil. Neste OYJ's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €16,428 Mil. Neste OYJ's debt to asset for the quarter that ended in Mar. 2024 was 0.26.

Neste OYJ Debt-to-Asset Historical Data

The historical data trend for Neste OYJ'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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Neste OYJ Debt-to-Asset Chart

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.14

0.13

0.14

0.18

0.26

Neste OYJ 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															0.22	0.23	0.22	0.26	0.26

Competitive Comparison of Neste OYJ's Debt-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.

Neste OYJ's Debt-to-Asset Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Neste OYJ's Debt-to-Asset falls into.

Neste OYJ Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Neste OYJ'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
	=	(581	+	3487)	/	15983
	=	0.25

Neste OYJ'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
	=	(814	+	3528)	/	16428
	=	0.26

Neste OYJ (OHEL:NESTE) 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.

Neste OYJ Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Neste OYJ's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Neste OYJ (OHEL:NESTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OHEL:NESTE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NTOIY:USA NTOIF:USA NESTE:Mexico 1NESTE:Italy NESTEh:UK 0O46:UK NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.

Neste OYJ (OHEL:NESTE) Headlines

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