Novorossiysk Commercial Sea Port PJSC (MIC:NMTP) LT-Debt-to-Total-Asset : 0.14 (As of Jun. 2023)

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What is Novorossiysk Commercial Sea Port 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. Novorossiysk Commercial Sea Port PJSC's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.14.

Novorossiysk Commercial Sea Port PJSC's long-term debt to total assets ratio declined from Dec. 2020 (0.30) to Jun. 2023 (0.14). It may suggest that Novorossiysk Commercial Sea Port PJSC is progressively becoming less dependent on debt to grow their business.

Novorossiysk Commercial Sea Port PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Novorossiysk Commercial Sea Port 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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Novorossiysk Commercial Sea Port PJSC LT-Debt-to-Total-Asset Chart

Novorossiysk Commercial Sea Port PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.55

0.44

0.41

0.32

0.30

Novorossiysk Commercial Sea Port PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.29	0.24	0.23	0.14

Novorossiysk Commercial Sea Port PJSC LT-Debt-to-Total-Asset Calculation

Novorossiysk Commercial Sea Port 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 )
	=	48718.823	/	162449.103
	=	0.30

Novorossiysk Commercial Sea Port 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 )
	=	26038	/	190103
	=

Novorossiysk Commercial Sea Port PJSC (MIC:NMTP) 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.

Novorossiysk Commercial Sea Port PJSC LT-Debt-to-Total-Asset Related Terms

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Novorossiysk Commercial Sea Port PJSC (MIC:NMTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Novorossiysk Commercial Sea Port PJSC (MIC:NMTP) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Portovaya Street 14, Krasnodar region, Novorossiysk, RUS, 353901

Website

http://www.nmtp.info

Novorossiysk Commercial Sea Port PJSC is a transportation and logistics company domiciled in Russia. The company organises itself into three segments: stevedoring and additional port services, Fleet services, and Other. Stevedoring and additional services, which contributes the majority of revenue, receives and transports cargo by pipeline, train, and truck; assembles shiploads; and transfers cargo to ships. Fleet services includes towing services, firefighting services, waste collection, and ship-fuelling services.

Novorossiysk Commercial Sea Port PJSC (MIC:NMTP) Headlines

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