DHT Holdings (DHT Holdings) Debt-to-Asset : 0.29 (As of Dec. 2023)

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What is DHT Holdings Debt-to-Asset?

DHT Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31.7 Mil. DHT Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $398.4 Mil. DHT Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $1,492.2 Mil. DHT Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.29.

DHT Holdings Debt-to-Asset Historical Data

The historical data trend for DHT Holdings'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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DHT Holdings Debt-to-Asset Chart

DHT Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.47

0.28

0.33

0.26

0.29

DHT Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.26	0.27	0.26	0.29	0.29

Competitive Comparison of DHT Holdings's Debt-to-Asset

For the Oil & Gas Midstream subindustry, DHT Holdings'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.

DHT Holdings's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

DHT Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

DHT Holdings'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
	=	(31.718	+	398.425)	/	1492.223
	=	0.29

DHT Holdings's Debt-to-Asset for the quarter 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
	=	(31.718	+	398.425)	/	1492.223
	=	0.29

DHT Holdings (NYSE:DHT) 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.

DHT Holdings Debt-to-Asset Related Terms

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DHT Holdings (DHT Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » DHT Holdings Inc (NYSE:DHT) » Definitions » Debt-to-Asset

Comparable Companies

TNK LPG GLP GEL KNTK GLNG NVGS INSW HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

DHT:Mexico D8EN:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.dhtankers.com

DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.