Equinor ASA (OSL:EQNR) Debt-to-Asset : 0.22 (As of Dec. 2023)

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What is Equinor ASA Debt-to-Asset?

Equinor ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr76,747 Mil. Equinor ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr258,682 Mil. Equinor ASA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was kr1,514,683 Mil. Equinor ASA's debt to asset for the quarter that ended in Dec. 2023 was 0.22.

Equinor ASA Debt-to-Asset Historical Data

The historical data trend for Equinor 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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Equinor ASA Debt-to-Asset Chart

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.24

0.31

0.25

0.20

0.22

Equinor ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.20	0.20	0.22	0.21	0.22

Competitive Comparison of Equinor ASA's Debt-to-Asset

For the Oil & Gas Integrated subindustry, Equinor 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.

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

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

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

Equinor ASA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Equinor 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
	=	(76746.885	+	258681.837)	/	1514682.852
	=	0.22

Equinor ASA's Debt-to-Asset for the quarter 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
	=	(76746.885	+	258681.837)	/	1514682.852
	=	0.22

Equinor ASA (OSL:EQNR) 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.

Equinor ASA Debt-to-Asset Related Terms

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Equinor ASA (OSL:EQNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (OSL:EQNR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

STOHF:USA EQNR:USA EQNR:Sweden EQNR:Mexico EQNRo:UK 0M2Z:UK DNQA:Germany DNQ:Germany DNQ:Germany DNQA:Germany DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.