Stainless Tankers ASA (OSL:STST) LT-Debt-to-Total-Asset : 0.45 (As of Dec. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Stainless Tankers 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. Stainless Tankers ASA's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.45.

Stainless Tankers ASA's long-term debt to total assets ratio declined from Dec. 2023 (0.49) to Dec. 2024 (0.45). It may suggest that Stainless Tankers ASA is progressively becoming less dependent on debt to grow their business.

Stainless Tankers ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Stainless Tankers 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.

* Premium members only.

Stainless Tankers ASA LT-Debt-to-Total-Asset Chart

Stainless Tankers ASA Annual Data

Trend

Dec23

Dec24

LT-Debt-to-Total-Asset

0.49

0.45

Stainless Tankers ASA Quarterly Data
	Feb23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.49	0.48	0.46	0.45	0.45

Stainless Tankers ASA LT-Debt-to-Total-Asset Calculation

Stainless Tankers ASA'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 )
	=	730.224	/	1633.208
	=	0.45

Stainless Tankers ASA'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 )
	=	730.224	/	1633.208
	=	0.45

Stainless Tankers ASA (OSL:STST) 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.

Stainless Tankers ASA LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Stainless Tankers ASA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Stainless Tankers ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stainless Tankers ASA (OSL:STST) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ZC0:Germany

Address

Henrik Ibsens gate 90, Oslo, NOR, 0255

Website

https://www.stainlesstankers.com

Stainless Tankers ASA is a shipping company specializing in providing seaborne transportation of chemical cargoes world-wide. The Company provides investors with pure-play stainless steel chemical tanker exposure in an investor-friendly structure through its fleet of seven stainless steel vessels.

Stainless Tankers ASA Headlines

No Headlines