Odfjell Drilling (OSL:ODL) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2024)

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What is Odfjell Drilling 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. Odfjell Drilling's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.25.

Odfjell Drilling's long-term debt to total assets ratio declined from Dec. 2023 (0.26) to Dec. 2024 (0.25). It may suggest that Odfjell Drilling is progressively becoming less dependent on debt to grow their business.

Odfjell Drilling LT-Debt-to-Total-Asset Historical Data

The historical data trend for Odfjell Drilling'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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Odfjell Drilling LT-Debt-to-Total-Asset Chart

Odfjell Drilling Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.28

0.36

0.26

0.25

Odfjell Drilling Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.27	0.27	0.26	0.25

Odfjell Drilling LT-Debt-to-Total-Asset Calculation

Odfjell Drilling's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	6226.2	/	24852.064
	=	0.25

Odfjell Drilling's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	6226.2	/	24852.064
	=	0.25

Odfjell Drilling (OSL:ODL) 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.

Odfjell Drilling LT-Debt-to-Total-Asset Related Terms

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Odfjell Drilling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Drilling Ltd (OSL:ODL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ODFJF:USA ODLO:Sweden ODLo:UK 0QHX:UK OD3:Germany

Address

Lower Ground Floor, Prime View Prime Four Business Park, Kingswells, Aberdeen, GBR, AB15 8PU

Website

https://www.odfjelldrilling.com

Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operate mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet, and Corporate/other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations, client relations, preparations for the operation, and mobilization. The majority of revenue is generated from the Own Fleet segment. Geographically, It operates in Norway.

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