Aker Solutions ASA (Aker Solutions ASA) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

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What is Aker Solutions ASA LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Aker Solutions ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Aker Solutions ASA's long-term debt to total assets ratio declined from Dec. 2022 (0.14) to Dec. 2023 (0.07). It may suggest that Aker Solutions ASA is progressively becoming less dependent on debt to grow their business.

Aker Solutions ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aker Solutions ASA's LT-Debt-to-Total-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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Aker Solutions ASA LT-Debt-to-Total-Asset Chart

Aker Solutions ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.26

0.17

0.14

0.07

Aker Solutions ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.16	0.14	0.11	0.07

Aker Solutions ASA LT-Debt-to-Total-Asset Calculation

Aker Solutions ASA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	276.888	/	3910.459
	=	0.07

Aker Solutions ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	276.888	/	3910.459
	=	0.07

Aker Solutions ASA (OTCPK:AKRTF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Aker Solutions ASA LT-Debt-to-Total-Asset Related Terms

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Aker Solutions ASA (Aker Solutions ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker Solutions ASA (OTCPK:AKRTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AKSOo:Sweden AKSO:Norway AKSOo:UK 0QXP:UK 1AKA:Germany

Address

Oksenoyveien 8, Lysaker, Fornebu, NOR, 1366

Website

https://www.akersolutions.com

Aker Solutions ASA delivers integrated solutions, products, and services to the global energy industry. The company offers low-carbon oil and gas solutions and develops renewable solutions. Aker Solutions serves customers worldwide. Its reporting segments include Renewables and Field Development segment, the Electrification, Maintenance and Modifications (EMM) segment, Subsea segment, and Other.