Essay Database
Horizon offshore Inc
Date Submitted: 05/03/2003 08:18:49
Category: / Business & Economy / Accounting
Length: 7 pages (1973 words)
Category: / Business & Economy / Accounting
Length: 7 pages (1973 words)
Horizon Offshore Inc
I General Information:
A. Company Name
<Tab/>
<Tab/>Horizon Offshore Inc
B Company's Industry
Horizon Offshore, Inc. is a leading provider of marine construction services
to the offshore oil and gas Industry.
C. Choice of this company
Just a friend of mine had recommended this company.
D. Company trade Location
Company trades at NASDAQ NM.
E. The ticker symbol of the company.
Ticker symbol …
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…ratio: A solvency that indicates what proportion of a company's assets is financed by debt
Debt ratio = Total liabilities / Total assets = 207894 / 393584 = .53 0r 53%
*<Tab/>Total liabilities to Net worth = A solvency ratio indicating the relationship between creditors claims to a company's assets and the owners claim to those assets
Total liabilities to net worth = total liabilities / net worth
<Tab/>83690 / 185690 = .451
The horizon has $ .451 of debt for every $1 of equity.
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