Okea ASA (OSL:OKEA) Debt-to-Asset : 0.11 (As of Mar. 2024)

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What is Okea ASA Debt-to-Asset?

Okea ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr105 Mil. Okea ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr1,937 Mil. Okea ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr18,599 Mil. Okea ASA's debt to asset for the quarter that ended in Mar. 2024 was 0.11.

Okea ASA Debt-to-Asset Historical Data

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

Okea ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.25

0.26

0.25

0.13

0.11

Okea 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															0.13	0.13	0.13	0.11	0.11

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

For the Oil & Gas E&P subindustry, Okea 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.

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

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

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

Okea ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Okea 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
	=	(101.67	+	1851.525)	/	18499.621
	=	0.11

Okea 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
	=	(105.352	+	1936.572)	/	18599.419
	=	0.11

Okea ASA (OSL:OKEA) 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.

Okea ASA Debt-to-Asset Related Terms

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Okea ASA (OSL:OKEA) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

OKEA:Sweden OKEAo:UK 3SX:Germany

Address

Kongens Gate 8, Trondheim, NOR, 7011

Website

https://www.okea.no

Okea ASA is an independent oil producer. The company's only reportable segment is the development and production of oil and gas on the Norwegian Continental Shelf. Its operation includes Draugen Field, Gjoa Field, Ivar Aasen, Grevling and Yme.

Okea ASA (OSL:OKEA) Headlines

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