Odfjell Drilling (FRA:OD3) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Odfjell 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. Odfjell Drilling's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Odfjell Drilling's long-term debt to total assets ratio increased from Mar. 2023 (0.23) to Mar. 2024 (0.27). It may suggest that Odfjell Drilling is progressively becoming more dependent on debt to grow their business.

Odfjell Drilling LT-Debt-to-Total-Asset Historical Data

The historical data trend for Odfjell 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.

* Premium members only.

Odfjell Drilling LT-Debt-to-Total-Asset Chart

Odfjell Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.45

0.28

0.36

0.26

Odfjell Drilling 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															0.23	0.31	0.27	0.26	0.27

Odfjell Drilling LT-Debt-to-Total-Asset Calculation

Odfjell 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 )
	=	550.383	/	2117.17
	=	0.26

Odfjell 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 )
	=	550.896	/	2056.844
	=	0.27

Odfjell Drilling (FRA:OD3) 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.

Odfjell Drilling LT-Debt-to-Total-Asset Related Terms

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

Odfjell Drilling (FRA:OD3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Drilling Ltd (FRA:OD3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ODFJF:USA ODLO:Sweden ODL:Norway 0QHX:UK OD3:Germany

Address

Crawpeel Road, Bergen House, Altens, Aberdeen, GBR, AB12 3LG

Website

https://www.odfjelldrilling.com

Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operates mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet and Corporate / other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations and client relations, preparations for operation and mobilisation. Majority of revenue is generated from Own Fleet segment. Geographically, It operates in Norway.

Odfjell Drilling (FRA:OD3) Headlines

No Headlines