Norsk Hydro ASA (LTS:0Q11) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is Norsk Hydro 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. Norsk Hydro ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Norsk Hydro ASA's long-term debt to total assets ratio increased from Dec. 2022 (0.13) to Dec. 2023 (0.14). It may suggest that Norsk Hydro ASA is progressively becoming more dependent on debt to grow their business.

Norsk Hydro ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Norsk Hydro 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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Norsk Hydro ASA LT-Debt-to-Total-Asset Chart

Norsk Hydro ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.15

0.13

0.14

Norsk Hydro ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.14	0.14	0.15	0.14

Norsk Hydro ASA LT-Debt-to-Total-Asset Calculation

Norsk Hydro 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 )
	=	28978	/	206462
	=	0.14

Norsk Hydro ASA'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 )
	=	28978	/	206462
	=	0.14

Norsk Hydro ASA (LTS:0Q11) 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.

Norsk Hydro ASA LT-Debt-to-Total-Asset Related Terms

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Norsk Hydro ASA (LTS:0Q11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsk Hydro ASA (LTS:0Q11) » Definitions » LT-Debt-to-Total-Asset

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NHYKF:USA NHYDY:USA NHYo:Sweden NHY:Norway NHYo:UK NOH1:Germany

Address

Postboks 980 Skøyen,, Oslo, NOR, NO-0240

Website

https://www.hydro.com

Norsk Hydro ASA is an aluminium and renewable energy company committed to a sustainable future. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. The company's reportable segments are Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Extrusions, and Hydro Energy, as well as the Hydro Metal Markets activities. Hydro Extrusions delivers products within extrusion profiles, building systems, and precision tubing, and is operating several recycling facilities, both integrated with its extrusion plants and separate plants. Hydro Extrusions are present in about 40 countries. It is delivered to sectors such as construction, automotive and heating, etc. Key revenue comes from the Hydro Extrusions segment.

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