Norwegian Air Shuttle ASA (OSL:NAS) LT-Debt-to-Total-Asset: 0.31 (As of Mar. 2026)

What is Norwegian Air Shuttle ASA LT-Debt-to-Total-Asset?

Norwegian Air Shuttle ASA OSL:NAS +0.65% 70 LT-Debt-to-Total-Asset is 0.31 as of Mar. 2026. GuruFocus rates OSL:NAS with a GF Score™ of 70/100 and a GF Value™ of kr16.07 (Fairly Valued). The stock has 4 warning signs investors should review.

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 Mar. 2026 was 0.31.

Norwegian Air Shuttle ASA's long-term debt to total assets ratio increased from Mar. 2025 (0.31) to Mar. 2026 (0.31). It may suggest that Norwegian Air Shuttle ASA is progressively becoming more dependent on debt to grow their business.

Norwegian Air Shuttle ASA (OSL:NAS) 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

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

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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.

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

Norwegian Air Shuttle ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.45

0.38

0.40

0.33

0.37

Norwegian Air Shuttle ASA Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.35	0.36	0.37	0.31

70GF Score

Norwegian Air Shuttle ASA OSL:NAS

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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. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	15712	/	42031
	=	0.37

Norwegian Air Shuttle ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	14788	/	47524
	=	0.31

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.31 mean?

Norwegian Air Shuttle ASA (OSL:NAS) has a LT-Debt-to-Total-Asset of 0.31 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Norwegian Air Shuttle ASA and its competitors.

Is Norwegian Air Shuttle ASA's LT-Debt-to-Total-Asset too high?

Norwegian Air Shuttle ASA's current LT-Debt-to-Total-Asset is 0.31. Overall, Norwegian Air Shuttle ASA has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Norwegian Air Shuttle ASA's LT-Debt-to-Total-Asset compare to DAL and UAL?

Norwegian Air Shuttle ASA's LT-Debt-to-Total-Asset of 0.31 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for a Transportation company?

A good LT-Debt-to-Total-Asset depends on the Transportation industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Norwegian Air Shuttle ASA and its competitors. Norwegian Air Shuttle ASA's current LT-Debt-to-Total-Asset is 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Norwegian Air Shuttle ASA stock overvalued right now?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA (OSL:NAS) is currently considered Fairly Valued. The stock's GF Value™ is kr16.07, compared to a current price of kr14.74 — trading 8.3% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.31. Norwegian Air Shuttle ASA's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Norwegian Air Shuttle ASA (OSL:NAS), the current LT-Debt-to-Total-Asset is 0.31 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norwegian Air Shuttle ASA (OSL:NAS) Overvalued in 2026?

Based on GuruFocus' analysis, Norwegian Air Shuttle ASA stock appears to be undervalued. The current stock price of kr14.74 is trading 8.3% below its estimated GF Value™ of kr16.07. GuruFocus considers Norwegian Air Shuttle ASA to be Fairly Valued.

Key valuation signals for OSL:NAS:

LT-Debt-to-Total-Asset: 0.31
GF Value™: kr16.07 vs. price of kr14.74 (8.3% below fair value)
GF Score™: 70/100 with 4 warning signs

No single metric tells the full story. See the OSL:NAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Norwegian Air Shuttle ASA Business Description

Industry Industrials Transportation

Comparable Companies OSL:NORSE DAL UAL DUB:RYA LSE:IAG LUV NSE:INDIGO SGX:C6L SHSE:601111 XSGO:LTM XTER:LHA SHSE:600029 SHSE:600115 AAL ASX:QAN IST:THYAO HKSE:00293 SHSE:600221 TSE:9202 TSE:9201

Other Exchanges NWARF:USA NASo:Sweden NASo:UK 0FGH:UK NWC:Germany

Address Oksenoyveien 3, Fornebu, P.O. Box 115, 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 destinations in Europe. The company has organized its operations into four functional business areas, including Commercial, Operations, Wideroe 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.

70GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr14.74

Price

kr16.07

GF Value

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