Shelf Drilling (FRA:6SD) LT-Debt-to-Total-Asset : 0.60 (As of Dec. 2024)

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What is Shelf 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. Shelf Drilling's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.60.

Shelf Drilling's long-term debt to total assets ratio increased from Dec. 2023 (0.59) to Dec. 2024 (0.60). It may suggest that Shelf Drilling is progressively becoming more dependent on debt to grow their business.

Shelf Drilling LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shelf 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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Shelf Drilling LT-Debt-to-Total-Asset Chart

Shelf Drilling Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.68

0.74

0.71

0.59

0.60

Shelf Drilling Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.59	0.59	0.61	0.60	0.60

Shelf Drilling LT-Debt-to-Total-Asset Calculation

Shelf Drilling's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1182.959	/	1983.726
	=	0.60

Shelf Drilling's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1182.959	/	1983.726
	=	0.60

Shelf Drilling (FRA:6SD) 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.

Shelf Drilling LT-Debt-to-Total-Asset Related Terms

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Shelf Drilling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling Ltd (FRA:6SD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SHLLF:USA SHLFo:Sweden SHLF:Norway SHLFo:UK

Address

One JLT, Jumeirah Lakes Towers, P.O. Box 212201, 12th Floor, Dubai, ARE

Website

https://www.shelfdrilling.com

Shelf Drilling Ltd operates as a shallow-water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. The business operates in a single segment Contract services. Geographically, it derives a majority of its revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; India, and Other Countries.

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