Aker BP ASA (LTS:0M5J) LT-Debt-to-Total-Asset : 0.17 (As of Sep. 2024)

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What is Aker BP 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. Aker BP ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.17.

Aker BP ASA's long-term debt to total assets ratio increased from Sep. 2023 (0.16) to Sep. 2024 (0.17). It may suggest that Aker BP ASA is progressively becoming more dependent on debt to grow their business.

Aker BP ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aker BP 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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Aker BP ASA LT-Debt-to-Total-Asset Chart

Aker BP ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.33

0.22

0.14

0.16

Aker BP ASA 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															0.16	0.16	0.16	0.18	0.17

Aker BP ASA LT-Debt-to-Total-Asset Calculation

Aker BP ASA'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 )
	=	67027.723	/	411917.147
	=	0.16

Aker BP ASA'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 )
	=	75588.297	/	442888.062
	=	0.17

Aker BP ASA (LTS:0M5J) 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.

Aker BP ASA LT-Debt-to-Total-Asset Related Terms

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Aker BP ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker BP ASA (LTS:0M5J) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AKRBY:USA AKRBF:USA AKERBPo:Sweden AKRBP:Norway AKRBPo:UK ARC:Germany

Address

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, NOR, 1366

Website

https://www.akerbp.com

Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, Johan Sverdrup, Ula and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. The group's business is entirely related to exploration for and production of petroleum on, or to the borderline of the Norwegian continental shelf.

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