Norse Energy ASA (OSTO:NECO) Debt-to-Asset : 42.53 (As of Sep. 2013)

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What is Norse Energy ASA Debt-to-Asset?

Norse Energy ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2013 was kr23.87 Mil. Norse Energy ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2013 was kr30.70 Mil. Norse Energy ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2013 was kr1.28 Mil. Norse Energy ASA's debt to asset for the quarter that ended in Sep. 2013 was 42.53.

Norse Energy ASA Debt-to-Asset Historical Data

The historical data trend for Norse Energy 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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Norse Energy ASA Debt-to-Asset Chart

Norse Energy ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-Asset

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0.62

0.57

0.61

1.16

2.20

Norse Energy ASA Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Debt-to-Asset	Get a 7-Day Free Trial															1.79	2.20	2.46	1.78	42.53

Competitive Comparison of Norse Energy ASA's Debt-to-Asset

For the Oil & Gas E&P subindustry, Norse Energy 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.

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

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

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

Norse Energy ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Norse Energy ASA's Debt-to-Asset for the fiscal year that ended in Dec. 2012 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(114.108	+	0)	/	51.85
	=	2.20

Norse Energy ASA's Debt-to-Asset for the quarter that ended in Sep. 2013 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23.865	+	30.702)	/	1.283
	=	42.53

Norse Energy ASA (OSTO:NECO) 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.

Norse Energy ASA Debt-to-Asset Related Terms

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Norse Energy ASA (OSTO:NECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norse Energy Corp. ASA (OSTO:NECO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Munkedamsveien 35, 3rd floor, P.O. Box 1903, Oslo, NOR, 0250

Website

http://www.northernoil.no

Norse Energy Corp ASA and its subsidiaries are engaged in the acquisition, exploration and development of oil and natural gas properties in the US.

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