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Var Energi ASA (Var Energi ASA) Debt-to-Revenue : 0.59 (As of Mar. 2024)


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What is Var Energi ASA Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Var Energi ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $45 Mil. Var Energi ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,578 Mil. Var Energi ASA's annualized Revenue for the quarter that ended in Mar. 2024 was $7,795 Mil. Var Energi ASA's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.59.


Var Energi ASA Debt-to-Revenue Historical Data

The historical data trend for Var Energi ASA's Debt-to-Revenue 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.

* Premium members only.

Var Energi ASA Debt-to-Revenue Chart

Var Energi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial 1.58 1.89 0.80 0.32 0.48

Var Energi ASA Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.57 0.58 0.49 0.59

Competitive Comparison of Var Energi ASA's Debt-to-Revenue

For the Oil & Gas E&P subindustry, Var Energi ASA's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.


Var Energi ASA's Debt-to-Revenue Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Var Energi ASA's Debt-to-Revenue falls into.



Var Energi ASA Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Var Energi ASA's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(99.265 + 3164.245) / 6815.966
=0.48

Var Energi ASA's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(44.639 + 4578.04) / 7795.216
=0.59

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.


Var Energi ASA Debt-to-Revenue Related Terms

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Var Energi ASA (Var Energi ASA) Business Description

Traded in Other Exchanges
Address
Vestre Svanholmen 1, Sandnes, NOR, 4313
Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

Var Energi ASA (Var Energi ASA) Headlines

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