Diamond Offshore Drilling (FRA:DO10) LT-Debt-to-Total-Asset : 0.38 (As of Mar. 2024)

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What is Diamond Offshore Drilling 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. Diamond Offshore Drilling's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.38.

Diamond Offshore Drilling's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.38). It may suggest that Diamond Offshore Drilling is progressively becoming more dependent on debt to grow their business.

Diamond Offshore Drilling LT-Debt-to-Total-Asset Historical Data

The historical data trend for Diamond Offshore Drilling'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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Diamond Offshore Drilling LT-Debt-to-Total-Asset Chart

Diamond Offshore Drilling Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.27

0.32

0.38

Diamond Offshore Drilling Quarterly Data
	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.31	0.27	0.36	0.38	0.38

Diamond Offshore Drilling LT-Debt-to-Total-Asset Calculation

Diamond Offshore Drilling'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 )
	=	593.038	/	1570.411
	=	0.38

Diamond Offshore Drilling'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 )
	=	591.142	/	1554.886
	=	0.38

Diamond Offshore Drilling (FRA:DO10) 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.

Diamond Offshore Drilling LT-Debt-to-Total-Asset Related Terms

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Diamond Offshore Drilling (FRA:DO10) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc (FRA:DO10) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

DO:USA

Address

15415 Katy Freeway, Houston, TX, USA, 77094

Website

http://www.diamondoffshore.com

Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.

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