BlueNord ASA (OSL:BNOR) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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What is BlueNord 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. BlueNord ASA's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.32.

BlueNord ASA's long-term debt to total assets ratio declined from Mar. 2023 (0.34) to Mar. 2024 (0.32). It may suggest that BlueNord ASA is progressively becoming less dependent on debt to grow their business.

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

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

BlueNord ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.38

0.34

0.31

BlueNord ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.35	0.34	0.31	0.32

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

BlueNord 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 )
	=	11251.99	/	36004.047
	=	0.31

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	11464.252	/	36133.139
	=	0.32

BlueNord ASA (OSL:BNOR) 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.

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BlueNord ASA (OSL:BNOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BlueNord ASA (OSL:BNOR) » Definitions » LT-Debt-to-Total-Asset

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NORO:Sweden CJ1:Germany

Address

Nedre Vollgate 1, Oslo, NOR, 0158

Website

https://www.bluenord.com

BlueNord ASA is a strategically important European oil and gas company, specializing in producing and developing resources that support the energy transition towards Net Zero. The company operates in the Danish North Sea with a 36.8 percent non-operated interest in the Danish Underground Consortium (DUC). The Company has a focus on developing and implementing solutions that will improve the long-term position of oil and gas as a key part of the energy mix while reducing greenhouse gas emissions on the Danish Continental Shelf.

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