Edda Wind ASA (FRA:VR1) LT-Debt-to-Total-Asset : 0.43 (As of Mar. 2024)

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What is Edda Wind ASA 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. Edda Wind ASA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.43.

Edda Wind ASA's long-term debt to total assets ratio increased from Mar. 2023 (0.34) to Mar. 2024 (0.43). It may suggest that Edda Wind ASA is progressively becoming more dependent on debt to grow their business.

Edda Wind ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Edda Wind ASA'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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Edda Wind ASA LT-Debt-to-Total-Asset Chart

Edda Wind ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.36

0.42

0.44

Edda Wind ASA Quarterly Data
	Dec18	Dec19	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												0.34	0.36	0.39	0.44	0.43

Edda Wind ASA LT-Debt-to-Total-Asset Calculation

Edda Wind ASA'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 )
	=	257.101	/	582.258
	=	0.44

Edda Wind ASA'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 )
	=	250.003	/	581.558
	=	0.43

Edda Wind ASA (FRA:VR1) 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.

Edda Wind ASA LT-Debt-to-Total-Asset Related Terms

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Edda Wind ASA (FRA:VR1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Edda Wind ASA (FRA:VR1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EWINDO:Sweden EWIND:Norway

Address

Smedasundet 97, Haugesund, NOR, 5501

Website

https://www.eddawind.com

Edda Wind ASA is a Norway-based company that provides service operations to the global offshore wind industry. The company develops, builds, owns, and operates purpose-built Service Operation Vessels (SOVs) and Commissioning Service Operation Vessels (CSOVs) for offshore wind farms worldwide.

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