Norske Skog ASA (OSL:NSKOG) Debt-to-Asset : 0.38 (As of Jun. 2024)

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What is Norske Skog ASA Debt-to-Asset?

Norske Skog ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr1,569 Mil. Norske Skog ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was kr4,184 Mil. Norske Skog ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was kr15,201 Mil. Norske Skog ASA's debt to asset for the quarter that ended in Jun. 2024 was 0.38.

Norske Skog ASA Debt-to-Asset Historical Data

The historical data trend for Norske Skog 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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Norske Skog ASA Debt-to-Asset Chart

Norske Skog ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.18

0.22

0.28

0.34

Norske Skog ASA Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.30	0.34	0.34	0.35	0.38

Competitive Comparison of Norske Skog ASA's Debt-to-Asset

For the Paper & Paper Products subindustry, Norske Skog 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.

Norske Skog ASA's Debt-to-Asset Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Debt-to-Asset distribution charts can be found below:

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

Norske Skog ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Norske Skog 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
	=	(517	+	4536)	/	14755
	=	0.34

Norske Skog ASA's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(1569	+	4184)	/	15201
	=	0.38

Norske Skog ASA (OSL:NSKOG) 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.

Norske Skog ASA Debt-to-Asset Related Terms

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Norske Skog ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Norske Skog ASA (OSL:NSKOG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NSKOGo:Sweden 0BQ:Germany

Address

Sjolyst plass 2, Oslo, NOR, 0278

Website

https://www.norskeskog.com

Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nano cellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe, and one industrial site in Australasia.

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