Drillcon AB (OSTO:DRIL) Debt-to-Asset : 0.24 (As of Mar. 2024)

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What is Drillcon AB Debt-to-Asset?

Drillcon AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr36.0 Mil. Drillcon AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was kr49.4 Mil. Drillcon AB's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was kr356.4 Mil. Drillcon AB's debt to asset for the quarter that ended in Mar. 2024 was 0.24.

Drillcon AB Debt-to-Asset Historical Data

The historical data trend for Drillcon AB'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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Drillcon AB Debt-to-Asset Chart

Drillcon AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.21

0.13

0.10

0.23

0.31

Drillcon AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.31	0.27	0.27	0.26	0.24

Competitive Comparison of Drillcon AB's Debt-to-Asset

For the Specialty Business Services subindustry, Drillcon AB'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.

Drillcon AB's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Drillcon AB's Debt-to-Asset distribution charts can be found below:

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

Drillcon AB Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Drillcon AB's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(51.811	+	59.338)	/	355.302
	=	0.31

Drillcon AB'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
	=	(35.995	+	49.401)	/	356.436
	=	0.24

Drillcon AB (OSTO:DRIL) 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.

Drillcon AB Debt-to-Asset Related Terms

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Drillcon AB (OSTO:DRIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Drillcon AB (OSTO:DRIL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrivagen 2, Nora, SWE, 713 30

Website

http://www.drillcon.se

Drillcon AB is a service provider of Mining and Construction drilling solutions. The company's segment includes diamond core drilling services such as Percussion drillings, Core drillings and Technical surveys and services; Raiseboring operations such as ventilation, ore and/or waste passes, production slot of raises and / or narrow vein mining and Geoservices segment providing Instruments for borehole deviation surveys, seismic surveys, digital optical borehole imaging and Rock Mechanical In-situ stress measurements.

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