Eidesvik Offshore ASA (STU:E1V) LT-Debt-to-Total-Asset : 0.24 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Eidesvik Offshore 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. Eidesvik Offshore ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.24.

Eidesvik Offshore ASA's long-term debt to total assets ratio declined from Sep. 2023 (0.28) to Sep. 2024 (0.24). It may suggest that Eidesvik Offshore ASA is progressively becoming less dependent on debt to grow their business.

Eidesvik Offshore ASA LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eidesvik Offshore 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.

Eidesvik Offshore ASA LT-Debt-to-Total-Asset Chart

Eidesvik Offshore ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.71

0.73

0.40

0.04

0.28

Eidesvik Offshore ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.28	0.26	0.24	0.24

Eidesvik Offshore ASA LT-Debt-to-Total-Asset Calculation

Eidesvik Offshore 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 )
	=	65.021	/	236.096
	=	0.28

Eidesvik Offshore ASA's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	55.775	/	236.187
	=	0.24

Eidesvik Offshore ASA (STU:E1V) 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.

Eidesvik Offshore ASA LT-Debt-to-Total-Asset Related Terms

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

Eidesvik Offshore ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eidesvik Offshore ASA (STU:E1V) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EIOFO:Sweden EIOF:Norway 0E9O:UK

Address

Vestvikvegen 1, Bomlo, NOR, 5443

Website

https://www.eidesvik.no

Eidesvik Offshore ASA is a Norway-based shipping company engaged in offering services in the maritime sector. The company owns and operates vessels in the two segments of Supply and Subsea/Wind. The Subsea segment provides shipping services for subsea work for the oil industry and its ships are adapted for work such as underwater inspection, maintenance, and construction. The Supply segment which generates key revenue supplies services to the oil industry offshore.

Eidesvik Offshore ASA Headlines

No Headlines