Akastor ASA (OSL:AKAST) Debt-to-Asset : 0.22 (As of Mar. 2024)

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What is Akastor ASA Debt-to-Asset?

Akastor ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,285.0 Mil. Akastor ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr255.0 Mil. Akastor ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr6,981.0 Mil. Akastor ASA's debt to asset for the quarter that ended in Mar. 2024 was 0.22.

Akastor ASA Debt-to-Asset Historical Data

The historical data trend for Akastor 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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Akastor ASA Debt-to-Asset Chart

Akastor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.20

0.26

0.21

0.23

Akastor ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.19	0.20	0.21	0.23	0.22

Competitive Comparison of Akastor ASA's Debt-to-Asset

For the Oil & Gas Equipment & Services subindustry, Akastor 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.

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

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

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

Akastor ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Akastor 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
	=	(1165	+	238)	/	6048
	=	0.23

Akastor ASA's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(1285	+	255)	/	6981
	=	0.22

Akastor ASA (OSL:AKAST) 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.

Akastor ASA Debt-to-Asset Related Terms

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Akastor ASA (OSL:AKAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Akastor ASA (OSL:AKAST) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

KY7:Germany

Address

Oksenoyveien 10, Building B, Lysaker, NOR, 1366

Website

https://www.akastor.com

Akastor ASA is an oil-services investment company with a portfolio of industrial holdings, real estate, and other investments. Its portfolio includes drilling systems and lifecycle services supplier MHWirth, and vessel-based subsea well construction services. The company has a flexible mandate for active ownership and long-term value creation. Geographically the business presence of the group is seen across the region of Norway, Singapore, North America, South America, Australia, the Middle East, and other regions.

Akastor ASA (OSL:AKAST) Headlines

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