Aker Horizons ASA (OSL:AKH) LT-Debt-to-Total-Asset : 0.67 (As of Dec. 2023)

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What is Aker Horizons 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 Horizons ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.67.

Aker Horizons ASA's long-term debt to total assets ratio increased from Dec. 2022 (0.53) to Dec. 2023 (0.67). It may suggest that Aker Horizons ASA is progressively becoming more dependent on debt to grow their business.

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

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

Aker Horizons ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.62

0.54

0.53

0.67

Aker Horizons ASA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.54	0.47	0.53	0.21	0.67

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

Aker Horizons 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 )
	=	18117	/	27232
	=	0.67

Aker Horizons 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 )
	=	18117	/	27232
	=	0.67

Aker Horizons ASA (OSL:AKH) 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 Horizons ASA LT-Debt-to-Total-Asset Related Terms

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Aker Horizons ASA (OSL:AKH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aker Horizons ASA (OSL:AKH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AKHo_NO:Sweden 7QF:Germany

Address

Oksenoyveien 8, Lysaker, NOR, NO-1366

Website

https://www.akerhorizons.com

Aker Horizons ASA is an investment management company. It invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promoting sustainable living. The company's reportable segments are Aker Carbon Capture (ACC), Asset Development (AAD), Mainstream Renewable Power (Mainstream), Aker Horizons and holdings, and Others.

Aker Horizons ASA (OSL:AKH) Headlines

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