Norse Energy ASA (OSL:NEC) LT-Debt-to-Total-Asset : 23.93 (As of Sep. 2013)

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What is Norse Energy 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. Norse Energy ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2013 was 23.93.

Norse Energy ASA's long-term debt to total assets ratio increased from Sep. 2012 (1.79) to Sep. 2013 (23.93). It may suggest that Norse Energy ASA is progressively becoming more dependent on debt to grow their business.

Norse Energy ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Norse Energy 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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Norse Energy ASA LT-Debt-to-Total-Asset Chart

Norse Energy ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

LT-Debt-to-Total-Asset

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0.38

0.23

0.50

Norse Energy ASA Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.79	-	-	0.55	23.93

Norse Energy ASA LT-Debt-to-Total-Asset Calculation

Norse Energy ASA's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2012 is calculated as

LT Debt to Total Assets (A: Dec. 2012 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2012 )	/	Total Assets (A: Dec. 2012 )
	=	0	/	51.85
	=	0.00

Norse Energy ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2013 is calculated as

LT Debt to Total Assets (Q: Sep. 2013 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2013 )	/	Total Assets (Q: Sep. 2013 )
	=	30.702	/	1.283
	=	23.93

Norse Energy ASA (OSL:NEC) 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.

Norse Energy ASA LT-Debt-to-Total-Asset Related Terms

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Norse Energy ASA (OSL:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norse Energy Corp. ASA (OSL:NEC) » Definitions » LT-Debt-to-Total-Asset

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Address

Munkedamsveien 35, 3rd floor, P.O. Box 1903, Oslo, NOR, 0250

Website

http://www.northernoil.no

Norse Energy Corp ASA and its subsidiaries are engaged in the acquisition, exploration and development of oil and natural gas properties in the US.

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