Dolphin Drilling AS (OSL:DDRIL) LT-Debt-to-Total-Asset : 0.32 (As of Mar. 2024)

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

Dolphin Drilling AS's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.32). It may suggest that Dolphin Drilling AS is progressively becoming more dependent on debt to grow their business.

Dolphin Drilling AS LT-Debt-to-Total-Asset Historical Data

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

Dolphin Drilling AS Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.45

0.01

Dolphin Drilling AS Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.01	0.32

Dolphin Drilling AS LT-Debt-to-Total-Asset Calculation

Dolphin Drilling AS'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 )
	=	8.661	/	1749.154
	=	0.00

Dolphin Drilling AS'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 )
	=	689.786	/	2187.154
	=	0.32

Dolphin Drilling AS (OSL:DDRIL) 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.

Dolphin Drilling AS LT-Debt-to-Total-Asset Related Terms

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Dolphin Drilling AS (OSL:DDRIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dolphin Drilling AS (OSL:DDRIL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

L33:Germany

Address

Vestre Svanholmen 12, Sandnes, NOR, N-4313

Website

https://www.dolphindrilling.no

Dolphin Drilling AS along with its subsidiaries provides exploration and development services to the oil and gas industry. The company operates in one segment, providing drilling services to the offshore oil and gas industry. The company generates the majority of the revenue from Mexico.

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