Saudi Aramco Base Oil Co - Luberef (SAU:2223) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Saudi Aramco Base Oil Co - Luberef 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. Saudi Aramco Base Oil Co - Luberef's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Saudi Aramco Base Oil Co - Luberef's long-term debt to total assets ratio declined from Mar. 2023 (0.22) to Mar. 2024 (0.13). It may suggest that Saudi Aramco Base Oil Co - Luberef is progressively becoming less dependent on debt to grow their business.

Saudi Aramco Base Oil Co - Luberef LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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.

* Premium members only.

Saudi Aramco Base Oil Co - Luberef LT-Debt-to-Total-Asset Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.26

0.24

0.22

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.22	0.22	0.21	0.22	0.13

Saudi Aramco Base Oil Co - Luberef LT-Debt-to-Total-Asset Calculation

Saudi Aramco Base Oil Co - Luberef'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 )
	=	1907.592	/	8856.47
	=	0.22

Saudi Aramco Base Oil Co - Luberef'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 )
	=	1066.348	/	8296.04
	=	0.13

Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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.

Saudi Aramco Base Oil Co - Luberef LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Saudi Aramco Base Oil Co - Luberef's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

Saudi Aramco Base Oil Co - Luberef (SAU:2223) Headlines

No Headlines