Norwegian Air Shuttle ASA (LTS:0FGH) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2024)

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What is Norwegian Air Shuttle ASA 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. Norwegian Air Shuttle ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.33.

Norwegian Air Shuttle ASA's long-term debt to total assets ratio declined from Dec. 2023 (0.40) to Dec. 2024 (0.33). It may suggest that Norwegian Air Shuttle ASA is progressively becoming less dependent on debt to grow their business.

Norwegian Air Shuttle ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Norwegian Air Shuttle ASA'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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Norwegian Air Shuttle ASA LT-Debt-to-Total-Asset Chart

Norwegian Air Shuttle ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.45

0.38

0.40

0.33

Norwegian Air Shuttle ASA Quarterly Data
	Dec19	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															0.40	0.37	0.35	0.31	0.33

Norwegian Air Shuttle ASA LT-Debt-to-Total-Asset Calculation

Norwegian Air Shuttle ASA'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 )
	=	12248.7	/	37600.1
	=	0.33

Norwegian Air Shuttle ASA'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 )
	=	12248.7	/	37600.1
	=	0.33

Norwegian Air Shuttle ASA (LTS:0FGH) 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.

Norwegian Air Shuttle ASA LT-Debt-to-Total-Asset Related Terms

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Norwegian Air Shuttle ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norwegian Air Shuttle ASA (LTS:0FGH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NWARF:USA NASo:Sweden NAS:Norway NASo:UK NWC:Germany

Address

Oksenoyveien 3, Fornebu, P.O. Box 113, Lysaker, NOR, NO-1366

Website

https://www.norwegian.com

Norwegian Air Shuttle ASA is an airline that operates short-haul flights across the Nordic countries and to major destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Marketing & Customer, Operations, and Support Functions. With over three hundred routes in its network, Norwegian Air Shuttle provides passengers with quality flights at affordable fares. The company's focus is on low-cost air travel for passengers, and it believes in offering friendly and helpful service while maintaining operational excellence.

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