RNWEY (REC Silicon ASA) Debt-to-Asset : 0.15 (As of Sep. 2024)

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What is REC Silicon ASA Debt-to-Asset?

REC Silicon ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8.7 Mil. REC Silicon ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $58.5 Mil. REC Silicon ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $445.8 Mil. REC Silicon ASA's debt to asset for the quarter that ended in Sep. 2024 was 0.15.

REC Silicon ASA Debt-to-Asset Historical Data

The historical data trend for REC Silicon 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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REC Silicon ASA Debt-to-Asset Chart

REC Silicon ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.62

0.64

0.67

0.58

0.64

REC Silicon ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.15	0.64	0.65	0.15	0.15

Competitive Comparison of REC Silicon ASA's Debt-to-Asset

For the Semiconductor Equipment & Materials subindustry, REC Silicon 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.

REC Silicon ASA's Debt-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, REC Silicon ASA's Debt-to-Asset distribution charts can be found below:

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

REC Silicon ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

REC Silicon 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
	=	(38.3	+	315.4)	/	552.9
	=	0.64

REC Silicon ASA's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(8.7	+	58.5)	/	445.8
	=	0.15

REC Silicon ASA (OTCPK:RNWEY) 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.

REC Silicon ASA Debt-to-Asset Related Terms

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REC Silicon ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » REC Silicon ASA (OTCPK:RNWEY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

RNWEF:USA RECo:Sweden RECSI:Norway 0FS8:UK R3Q:Germany

Address

Fornebuveien 84, PO Box 63, Lysaker, NOR, 1324

Website

https://www.recsilicon.com

REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon, and Silicon gases. It operates in two segments namely Solar Materials and Semiconductor Materials. The majority of the firm's revenue is generated through the Semiconductor Materials segment.