Northern Ocean (OSTO:NOLO) Debt-to-Asset : 0.52 (As of Dec. 2024)

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What is Northern Ocean Debt-to-Asset?

Northern Ocean's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr169 Mil. Northern Ocean's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was kr5,788 Mil. Northern Ocean's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was kr11,575 Mil. Northern Ocean's debt to asset for the quarter that ended in Dec. 2024 was 0.51.

Northern Ocean Debt-to-Asset Historical Data

The historical data trend for Northern Ocean'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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Northern Ocean Debt-to-Asset Chart

Northern Ocean Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.41

0.48

0.46

0.51

0.52

Northern Ocean Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.51	0.53	0.49	0.50	0.52

Competitive Comparison of Northern Ocean's Debt-to-Asset

For the Oil & Gas Drilling subindustry, Northern Ocean'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.

Northern Ocean's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

Northern Ocean Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Northern Ocean's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(169.058	+	5787.998)	/	11574.594
	=	0.51

Northern Ocean's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(169.058	+	5787.998)	/	11574.594
	=	0.51

Northern Ocean (OSTO:NOLo) 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.

Northern Ocean Debt-to-Asset Related Terms

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Northern Ocean Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Ocean Ltd (OSTO:NOLo) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

NOL:Norway

Address

14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08

Website

https://www.northernocean.no

Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns two semi-submersible rigs, Deepsea Mira and Deepsea Bollsta. The company earns revenue from Drilling, Mobilization and demobilization, Contract preparation and One-time reimbursed costs.

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