Nizhnekamskneftekhim PJSC (MIC:NKNC) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2023)

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What is Nizhnekamskneftekhim PJSC 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. Nizhnekamskneftekhim PJSC's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.23.

Nizhnekamskneftekhim PJSC's long-term debt to total assets ratio declined from Dec. 2020 (0.36) to Jun. 2023 (0.23). It may suggest that Nizhnekamskneftekhim PJSC is progressively becoming less dependent on debt to grow their business.

Nizhnekamskneftekhim PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nizhnekamskneftekhim PJSC'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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Nizhnekamskneftekhim PJSC LT-Debt-to-Total-Asset Chart

Nizhnekamskneftekhim PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.16

0.23

0.36

Nizhnekamskneftekhim PJSC Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.30	0.36	0.35	0.23

Nizhnekamskneftekhim PJSC LT-Debt-to-Total-Asset Calculation

Nizhnekamskneftekhim PJSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	97181	/	268602
	=	0.36

Nizhnekamskneftekhim PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	108531	/	473911
	=	0.23

Nizhnekamskneftekhim PJSC (MIC:NKNC) 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.

Nizhnekamskneftekhim PJSC LT-Debt-to-Total-Asset Related Terms

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Nizhnekamskneftekhim PJSC (MIC:NKNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nizhnekamskneftekhim PJSC (MIC:NKNC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NKNCP:Russia

Address

23 Sobolekovskaya Street, Office 129, Nizhnekamsky Municipal District, Nizhnekamsk, RUS, 423574

Website

https://www.sibur.ru/nknh/en

Nizhnekamskneftekhim PJSC and its subsidiaries are engaged in the production and sale of petrochemicals. The company's operating business segments are Production and Sale of Petrochemicals, Petrochemical trading and All other segments. The Production and sales of petrochemicals segment derives its revenue primarily from the manufacturing and sale of petrochemical products. The Petrochemicals trading segment is engaged in trading of petrochemical products. The company derives maximum revenue from Production and Sale of Petrochemicals segment.

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