(Bloomberg) -- Among energy-related companies in Asia, the heaviest debt loads are found in Singapore. Vard Holdings Ltd., a builder of vessels for the oil industry, has the highest net debt-to-equity ratio of 3.6, surpassing the 1.6 for Swiber Holdings Ltd. and 0.46 average for companies in the oil and gas industry listed in Asia, according to data compiled by Bloomberg. The move by offshore marine services provider Swiber into judicial management suggests oil-dependent companies may need to find more ways to bolster their capital structure.
--With assistance from Kyunghee Park To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net. To contact the editors responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net, Lena Lee, Jake Ulick
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