Nekkar ASA (OSL:NKR) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Nekkar 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. Nekkar ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Nekkar ASA's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.02). It may suggest that Nekkar ASA is progressively becoming more dependent on debt to grow their business.

Nekkar ASA LT-Debt-to-Total-Asset Historical Data

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

Nekkar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Nekkar ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.03	0.02

Nekkar ASA LT-Debt-to-Total-Asset Calculation

Nekkar 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 )
	=	9.087	/	600.711
	=	0.02

Nekkar 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 )
	=	9.087	/	600.711
	=	0.02

Nekkar ASA (OSL:NKR) 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.

Nekkar ASA LT-Debt-to-Total-Asset Related Terms

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Nekkar ASA (OSL:NKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nekkar ASA (OSL:NKR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TTSO:Sweden 0TT:Germany

Address

Andoyfaret 15, Kristiansand, NOR, 4623

Website

https://www.nekkar.com

Nekkar ASA is a company based on an industrial philosophy utilizing smart design, digitalization, and electrification to achieve higher efficiency and more sustainable solutions for multiple industries. Its main activities are related to Shipyard Solutions, Digital Solutions, and others. The company generates maximum revenue from the Shipyard Solutions segment. Geographically, it derives a majority of revenue from South Asia and also has a presence in Europe; South East Asia; North East Asia; West Asia; America; Africa, and Australia.