Dockwise (Dockwise) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2012)

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What is Dockwise 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. Dockwise's long-term debt to total assests ratio for the quarter that ended in Dec. 2012 was 0.23.

Dockwise's long-term debt to total assets ratio declined from Dec. 2011 (0.30) to Dec. 2012 (0.23). It may suggest that Dockwise is progressively becoming less dependent on debt to grow their business.

Dockwise LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dockwise'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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Dockwise LT-Debt-to-Total-Asset Chart

Dockwise Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

LT-Debt-to-Total-Asset

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0.57

0.40

0.32

0.30

0.23

Dockwise Quarterly Data
	Dec05	Dec06	Dec07	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.29	0.27	0.23	0.23

Dockwise LT-Debt-to-Total-Asset Calculation

Dockwise's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2012 is calculated as

LT Debt to Total Assets (A: Dec. 2012 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2012 )	/	Total Assets (A: Dec. 2012 )
	=	503.082	/	2209.349
	=	0.23

Dockwise's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2012 is calculated as

LT Debt to Total Assets (Q: Dec. 2012 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2012 )	/	Total Assets (Q: Dec. 2012 )
	=	503.082	/	2209.349
	=	0.23

Dockwise (GREY:DOCKF) 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.

Dockwise LT-Debt-to-Total-Asset Related Terms

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Dockwise (Dockwise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dockwise Ltd (GREY:DOCKF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lage Mosten 21, P.O. Box 3208, Breda, NLD, 4800

Website

http://www.dockwise.com

Dockwise Ltd provides transportation services to the offshore, onshore, and yachting industries; and installation services for heavy offshore platforms worldwide.