DOF Group ASA (STU:UV3) LT-Debt-to-Total-Asset : 0.43 (As of Sep. 2024)

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What is DOF Group 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. DOF Group ASA's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.43.

DOF Group ASA's long-term debt to total assets ratio declined from Sep. 2023 (0.55) to Sep. 2024 (0.43). It may suggest that DOF Group ASA is progressively becoming less dependent on debt to grow their business.

DOF Group ASA LT-Debt-to-Total-Asset Historical Data

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

DOF Group ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.02

0.01

0.49

DOF Group ASA Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.55	0.49	0.48	0.47	0.43

DOF Group ASA LT-Debt-to-Total-Asset Calculation

DOF Group 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 )
	=	1210.357	/	2458.761
	=	0.49

DOF Group 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 )
	=	1081.2	/	2488.562
	=	0.43

DOF Group ASA (STU:UV3) 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.

DOF Group ASA LT-Debt-to-Total-Asset Related Terms

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DOF Group ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DOF Group ASA (STU:UV3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DOFGo:Sweden DOFG:Norway DOFGo:UK

Address

Alfabygget, Storebo, NOR, 5392

Website

https://www.dof.com

DOF Group ASA is a provider of integrated subsea projects and marine services to the offshore energy market. DOF operates in four segments which include DOF Subsea, DOF Rederi, Norskan, Corporate, and vessel management. The majority of revenue is derived from the subsea segment.

DOF Group ASA Headlines

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