NEL ASA (OSL:NEL) Debt-to-Asset : 0.03 (As of Mar. 2024)

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What is NEL ASA Debt-to-Asset?

NEL ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr41 Mil. NEL ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr223 Mil. NEL ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr7,751 Mil. NEL ASA's debt to asset for the quarter that ended in Mar. 2024 was 0.03.

NEL ASA Debt-to-Asset Historical Data

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

NEL ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.05

0.02

0.03

NEL 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															0.03	0.03	0.03	0.03	0.03

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

For the Specialty Industrial Machinery subindustry, NEL 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.

NEL ASA's Debt-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NEL ASA's Debt-to-Asset distribution charts can be found below:

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

NEL ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NEL 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
	=	(38.067	+	221.594)	/	7857.02
	=	0.03

NEL 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
	=	(41.153	+	223.449)	/	7750.775
	=	0.03

NEL ASA (OSL:NEL) 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.

NEL ASA Debt-to-Asset Related Terms

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NEL ASA (OSL:NEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NEL ASA (OSL:NEL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NLLSY:USA NLLSF:USA NELo:Sweden 0E4Q:UK D7GA:Germany D7G:Germany D7G:Germany D7G:Germany

Address

Karenslyst alle 49, Oslo, NOR, N-0279

Website

https://www.nelhydrogen.com

NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Fueling and Electroiyser. It generates maximum revenue from the Electroiyser segment.

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