AKRBY (Aker BP ASA) Debt-to-Asset : 0.18 (As of Sep. 2024)

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What is Aker BP ASA Debt-to-Asset?

Aker BP ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $317 Mil. Aker BP ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $7,116 Mil. Aker BP ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $41,693 Mil. Aker BP ASA's debt to asset for the quarter that ended in Sep. 2024 was 0.18.

Aker BP ASA Debt-to-Asset Historical Data

The historical data trend for Aker BP ASA'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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Aker BP ASA Debt-to-Asset Chart

Aker BP ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.29

0.34

0.22

0.14

0.17

Aker BP ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.16	0.17	0.16	0.18	0.18

Competitive Comparison of Aker BP ASA's Debt-to-Asset

For the Oil & Gas E&P subindustry, Aker BP ASA'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.

Aker BP ASA's Debt-to-Asset Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Aker BP ASA's Debt-to-Asset falls into.

Aker BP ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Aker BP ASA'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
	=	(148.7	+	6353.7)	/	39046.5
	=	0.17

Aker BP ASA's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(317.3	+	7115.8)	/	41693
	=	0.18

Aker BP ASA (OTCPK:AKRBY) 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.

Aker BP ASA Debt-to-Asset Related Terms

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Aker BP ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker BP ASA (OTCPK:AKRBY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AKRBF:USA AKERBPo:Sweden AKRBP:Norway AKRBPo:UK 0M5J:UK ARC:Germany

Address

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, NOR, 1366

Website

https://www.akerbp.com

Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, Johan Sverdrup, Ula and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. The group's business is entirely related to exploration for and production of petroleum on, or to the borderline of the Norwegian continental shelf.