Siem Industries (Siem Industries) LT-Debt-to-Total-Asset : 0.38 (As of Jun. 2019)

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What is Siem Industries 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. Siem Industries's long-term debt to total assests ratio for the quarter that ended in Jun. 2019 was 0.38.

Siem Industries's long-term debt to total assets ratio increased from Jun. 2018 (0.35) to Jun. 2019 (0.38). It may suggest that Siem Industries is progressively becoming more dependent on debt to grow their business.

Siem Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Siem Industries'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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Siem Industries LT-Debt-to-Total-Asset Chart

Siem Industries Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.17

0.26

0.36

0.39

0.35

Siem Industries Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.36	0.39	0.35	0.35	0.38

Siem Industries LT-Debt-to-Total-Asset Calculation

Siem Industries's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	1444.453	/	4086.787
	=	0.35

Siem Industries's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2019 is calculated as

LT Debt to Total Assets (Q: Jun. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2019 )	/	Total Assets (Q: Jun. 2019 )
	=	1524.364	/	4033.255
	=	0.38

Siem Industries (OTCPK:SEMUF) 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.

Siem Industries LT-Debt-to-Total-Asset Related Terms

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Siem Industries (Siem Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Siem Industries Inc (OTCPK:SEMUF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ugland House, South Church Street, P.O. Box 309, George Town, Grand Cayman, CYM, KY1-1104

Website

https://www.siemindustries.com

Siem Industries Inc is a diversified industrial holding company that operates through autonomous affiliates. The company has segregated its operations into Offshore Support Vessels, Reefer Vessels and Car Carriers, Cable-lay for Offshore Wind Farms (OWF), Scientific Core-Drilling, Shipbuilding, Potash-Mining and Corporate and Other. The company hold interests in several industrial areas including the oil and gas services industry and renewable energy sector, ocean transportation of refrigerated cargoes and automobiles, potash mining and finance. It generates maximum revenue from the Offshore Support Vessels segment.

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