Var Energi ASA (FRA:J4V) Debt-to-Asset : 0.21 (As of Sep. 2024)

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What is Var Energi ASA Debt-to-Asset?

Var Energi ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €11 Mil. Var Energi ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €4,430 Mil. Var Energi ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was €21,020 Mil. Var Energi ASA's debt to asset for the quarter that ended in Sep. 2024 was 0.21.

Var Energi ASA Debt-to-Asset Historical Data

The historical data trend for Var Energi 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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Var Energi ASA Debt-to-Asset Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.21

0.27

0.24

0.17

Var Energi ASA Quarterly Data
	Dec19	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													0.21	0.17	0.21	0.21	0.21

Competitive Comparison of Var Energi ASA's Debt-to-Asset

For the Oil & Gas E&P subindustry, Var Energi 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.

Var Energi ASA's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

Var Energi ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Var Energi 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
	=	(91.026	+	2901.613)	/	17688.195
	=	0.17

Var Energi 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
	=	(11.333	+	4429.612)	/	21019.867
	=	0.21

Var Energi ASA (FRA:J4V) 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.

Var Energi ASA Debt-to-Asset Related Terms

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Var Energi ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Var Energi ASA (FRA:J4V) » Definitions » Debt-to-Asset

Comparable Companies

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VARRY:USA VARo:Sweden VAR:Norway VARo:UK

Address

Vestre Svanholmen 1, Sandnes, NOR, 4313

Website

https://www.varenergi.no

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

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