North Atlantic Drilling (FRA:2NAA) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2017)

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What is North Atlantic Drilling 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. North Atlantic Drilling's long-term debt to total assests ratio for the quarter that ended in Dec. 2017 was 0.15.

North Atlantic Drilling's long-term debt to total assets ratio declined from Sep. 2016 (0.40) to Dec. 2017 (0.15). It may suggest that North Atlantic Drilling is progressively becoming less dependent on debt to grow their business.

North Atlantic Drilling LT-Debt-to-Total-Asset Historical Data

The historical data trend for North Atlantic Drilling'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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North Atlantic Drilling LT-Debt-to-Total-Asset Chart

North Atlantic Drilling Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

LT-Debt-to-Total-Asset

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0.62

0.68

0.41

0.15

North Atlantic Drilling Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.41	0.43	0.44	0.15

North Atlantic Drilling LT-Debt-to-Total-Asset Calculation

North Atlantic Drilling's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2017 is calculated as

LT Debt to Total Assets (A: Dec. 2017 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2017 )	/	Total Assets (A: Dec. 2017 )
	=	323.466	/	2214.914
	=	0.15

North Atlantic Drilling's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2017 is calculated as

LT Debt to Total Assets (Q: Dec. 2017 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2017 )	/	Total Assets (Q: Dec. 2017 )
	=	323.466	/	2214.914
	=

North Atlantic Drilling (FRA:2NAA) 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.

North Atlantic Drilling LT-Debt-to-Total-Asset Related Terms

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North Atlantic Drilling (FRA:2NAA) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » North Atlantic Drilling Ltd (FRA:2NAA) » Definitions » LT-Debt-to-Total-Asset

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Address

Website

http://www.nadlcorp.com

North Atlantic Drilling Ltd is a Bermuda-based offshore drilling contractor which focused on operations in the North Atlantic Region. The company operates offshore drilling rigs in operation offshore Norway and the United Kingdom. It also provides harsh environment drilling services to the oil and gas industry. The company's fleet of offshore drilling units of the company consists of drill ships, semi-submersible rigs, jack-up rigs and tender rigs. It operates its business in Norway, United Kingdom, and Russia and most of the revenue come from Norway.

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