Ocean Wilsons Holdings (LSE:OCN) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2023)

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What is Ocean Wilsons Holdings 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. Ocean Wilsons Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.30.

Ocean Wilsons Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.31) to Dec. 2023 (0.30). It may suggest that Ocean Wilsons Holdings is progressively becoming less dependent on debt to grow their business.

Ocean Wilsons Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ocean Wilsons Holdings'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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Ocean Wilsons Holdings LT-Debt-to-Total-Asset Chart

Ocean Wilsons Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.31

0.29

0.31

0.30

Ocean Wilsons Holdings 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															0.29	0.31	0.31	0.32	0.30

Ocean Wilsons Holdings LT-Debt-to-Total-Asset Calculation

Ocean Wilsons Holdings'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 )
	=	354.59	/	1202.273
	=	0.29

Ocean Wilsons Holdings'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 )
	=	354.59	/	1202.273
	=	0.29

Ocean Wilsons Holdings (LSE:OCN) 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.

Ocean Wilsons Holdings LT-Debt-to-Total-Asset Related Terms

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Ocean Wilsons Holdings (LSE:OCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ocean Wilsons Holdings Ltd (LSE:OCN) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://www.oceanwilsons.bm

Ocean Wilsons Holdings Ltd is a Bermuda-based investment holding company, which, through its subsidiaries, operates a maritime services company in Brazil and holds a portfolio of international investments. The company operates in two segments including maritime services and investments. The maritime services segment provides towage, port terminals operation, ship agency, offshore support, logistics, and shipyard services in Brazil, and the investment segment holds a portfolio of focuses on generating returns from its international investments.