Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) LT-Debt-to-Total-Asset : 0.35 (As of Mar. 2024)

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What is Motor Oil (Hellas) Corinth Refineries 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. Motor Oil (Hellas) Corinth Refineries's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.35.

Motor Oil (Hellas) Corinth Refineries's long-term debt to total assets ratio increased from Mar. 2023 (0.33) to Mar. 2024 (0.35). It may suggest that Motor Oil (Hellas) Corinth Refineries is progressively becoming more dependent on debt to grow their business.

Motor Oil (Hellas) Corinth Refineries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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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Motor Oil (Hellas) Corinth Refineries LT-Debt-to-Total-Asset Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.35

0.40

0.36

0.35

Motor Oil (Hellas) Corinth Refineries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.33	0.35	0.32	0.35	0.35

Motor Oil (Hellas) Corinth Refineries LT-Debt-to-Total-Asset Calculation

Motor Oil (Hellas) Corinth Refineries'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 )
	=	2622.461	/	7573.155
	=	0.35

Motor Oil (Hellas) Corinth Refineries'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 )
	=	2574.708	/	7387.751
	=	0.35

Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) 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.

Motor Oil (Hellas) Corinth Refineries LT-Debt-to-Total-Asset Related Terms

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Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (LTS:0MQT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

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