Shelf Drilling (North Sea) (OSL:SDNS) LT-Debt-to-Total-Asset : 0.48 (As of Mar. 2024)

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What is Shelf Drilling (North Sea) 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. Shelf Drilling (North Sea)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.48.

Shelf Drilling (North Sea)'s long-term debt to total assets ratio increased from Mar. 2023 (0.47) to Mar. 2024 (0.48). It may suggest that Shelf Drilling (North Sea) is progressively becoming more dependent on debt to grow their business.

Shelf Drilling (North Sea) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shelf Drilling (North Sea)'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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Shelf Drilling (North Sea) LT-Debt-to-Total-Asset Chart

Shelf Drilling (North Sea) Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.47

0.48

Shelf Drilling (North Sea) Quarterly Data
	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.47	0.46	0.46	0.48	0.48

Shelf Drilling (North Sea) LT-Debt-to-Total-Asset Calculation

Shelf Drilling (North Sea)'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 )
	=	2375.725	/	4979.317
	=	0.48

Shelf Drilling (North Sea)'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 )
	=	2384.539	/	4971.769
	=	0.48

Shelf Drilling (North Sea) (OSL:SDNS) 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.

Shelf Drilling (North Sea) LT-Debt-to-Total-Asset Related Terms

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Shelf Drilling (North Sea) (OSL:SDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling (North Sea) Ltd (OSL:SDNS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lakes Towers, JLT, Floor 12, P.O. Box 212201, Jumeirah, Dubai, ARE

Website

https://www.shelfdrillingnorthsea.com

Shelf Drilling (North Sea) Ltd is a shallow-water offshore drilling contractor operating primarily in the North Sea. It is engaged in the provision of equipment and services for the drilling, completion and well maintenance of shallow water offshore oil and natural gas wells. The Group is primarily engaged in development and workover activity on producing assets, with a focus on shallow water operations in water depths of up to 500 feet.

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