Odfjell SE (FRA:O7F1) LT-Debt-to-Total-Asset : 0.37 (As of Sep. 2024)

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What is Odfjell SE 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. Odfjell SE's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.37.

Odfjell SE's long-term debt to total assets ratio declined from Sep. 2023 (0.42) to Sep. 2024 (0.37). It may suggest that Odfjell SE is progressively becoming less dependent on debt to grow their business.

Odfjell SE LT-Debt-to-Total-Asset Historical Data

The historical data trend for Odfjell SE'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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Odfjell SE LT-Debt-to-Total-Asset Chart

Odfjell SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.57

0.55

0.45

0.41

Odfjell SE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.41	0.35	0.38	0.37

Odfjell SE LT-Debt-to-Total-Asset Calculation

Odfjell SE'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 )
	=	745.096	/	1828.794
	=	0.41

Odfjell SE's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	686.292	/	1864.259
	=	0.37

Odfjell SE (FRA:O7F1) 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.

Odfjell SE LT-Debt-to-Total-Asset Related Terms

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Odfjell SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Odfjell SE (FRA:O7F1) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ODFO:Sweden ODFBO:Sweden ODFB:Norway ODF:Norway 0J78:UK 0J77:UK O7F:Germany

Address

Conrad Mohrs veg 29, P.O. Box 6101, Postterminalen, Bergen, NOR, 5892

Website

https://www.odfjell.com

Odfjell SE is a company engaged in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other specialty products. It also owns and operates chemical tankers and tank terminals. The Company has two reportable operating segments: The Chemical Tankers involve a round-the-world service, servicing ports in Europe, North, and South America, the Middle East and Asia, Australia, and Africa, and The Tank Terminals segment offers storage of various chemical and petroleum products. It operates through various geographical regions which include North and South America, Norway, Netherlands, Australasia, Africa Middle East, and Asia, and derives a major revenue from the Middle East and Asia. The company generates the majority of its revenue from the Chemical Tankers segment.

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