Nordic Halibut AS (OSL:NOHAL) LT-Debt-to-Total-Asset : 0.15 (As of Mar. 2024)

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What is Nordic Halibut 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. Nordic Halibut AS's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.15.

Nordic Halibut AS's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.15). It may suggest that Nordic Halibut AS is progressively becoming more dependent on debt to grow their business.

Nordic Halibut AS LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nordic Halibut 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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Nordic Halibut AS LT-Debt-to-Total-Asset Chart

Nordic Halibut AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.26

0.08

0.14

0.13

Nordic Halibut AS Quarterly Data
	Dec16	Dec17	Dec18	Dec19	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															0.14	0.18	0.15	0.13	0.15

Nordic Halibut AS LT-Debt-to-Total-Asset Calculation

Nordic Halibut 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 )
	=	96.174	/	733.366
	=	0.13

Nordic Halibut 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 )
	=	98.823	/	661.511
	=	0.15

Nordic Halibut AS (OSL:NOHAL) 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.

Nordic Halibut AS LT-Debt-to-Total-Asset Related Terms

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Nordic Halibut AS (OSL:NOHAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nordic Halibut AS (OSL:NOHAL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hendnesveien 124, Averoy, NOR, 6533

Website

https://www.nordichalibut.com

Nordic Halibut AS is a producer of farmed Atlantic halibut in the world. Its products include Fresh Nordic Halibut on ice and Frozen portions. Geographically it operates in Norway, the USA which generates substantial revenue, the UK, and Other markets.

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