Odfjell Technology (LTS:0ABV) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2024)

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What is Odfjell Technology 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 Technology's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

Odfjell Technology's long-term debt to total assets ratio declined from Dec. 2023 (0.33) to Dec. 2024 (0.29). It may suggest that Odfjell Technology is progressively becoming less dependent on debt to grow their business.

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

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

Odfjell Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.02

0.38

0.33

0.29

Odfjell Technology Quarterly Data
	Dec18	Dec19	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														0.33	0.33	0.32	0.32	0.29

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

Odfjell Technology'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 )
	=	1221.7	/	4176.9
	=	0.29

Odfjell Technology'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 )
	=	1221.7	/	4176.9
	=	0.29

Odfjell Technology (LTS:0ABV) 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.

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Odfjell Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Technology Ltd (LTS:0ABV) » Definitions » LT-Debt-to-Total-Asset

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OTLo:Sweden OTL:Norway ND4:Germany

Address

Prime View, Prime Four Business Park, Lower Ground Floor, Kingswells, Aberdeen, GBR, AB15 8PU

Website

https://www.odfjelltechnology.com

Odfjell Technology Ltd is a well services, drilling operations, engineering, and sustainable energy solutions provider, offering engineering services, well services, and drilling operation services to both onshore and offshore drilling operations, with an offshore focus.

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