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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. Valaris's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.26.
Valaris's long-term debt to total assets ratio increased from Dec. 2022 (0.19) to Dec. 2023 (0.26). It may suggest that Valaris is progressively becoming more dependent on debt to grow their business.
The historical data trend for Valaris'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.
Valaris Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
LT-Debt-to-Total-Asset | - | - | 0.21 | 0.19 | 0.26 |
Valaris Quarterly Data | ||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.19 | 0.18 | 0.22 | 0.31 | 0.26 |
Valaris'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 ) |
= | 1128.2 | / | 4322.2 | |
= | 0.26 |
Valaris's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
LT Debt to Total Assets (Q: Dec. 2023 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 ) | / | Total Assets (Q: Dec. 2023 ) |
= | 1128.2 | / | 4322.2 | |
= | 0.26 |
* 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.
Valaris (NYSE:VAL) 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.
Thank you for viewing the detailed overview of Valaris's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Grable Colleen | officer: Controller | 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057 |
Oak Hill Advisors Lp | 10 percent owner | 1 VANDERBILT AVE, 16TH FLOOR, NEW YORK NY 10017 |
Kristian Johansen | director | 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77024 |
Catherine Hughes | director | 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057 |
Matthew Lyne | officer: SVP - CCO | 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057 |
Christopher T Weber | officer: SVP - CFO | 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046 |
Gunnar W. Eliassen | director | C/O QUINTANA MINERALS CORPORATION, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002 |
Davor Vudakin | officer: SVP & General Counsel | C/O VALARIS LIMITED, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Darin Gibbins | officer: Interim CFO and VP | 5847 SAN FELIPE, SUITE 3300, HOUSTON TX 77057 |
Anton Dibowitz | director | C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Joseph Goldschmid | director, other: See Remarks | C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 00000 |
Elizabeth Leykum | director | C/O 5500 TRILLIUM BOULEVARD, SUITE 501, HOFFMAN ESTATES IL 60192 |
Deepak Munganahalli | director | C/O VALARIS, CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 00000 |
Dick Fagerstal | director | C/O SEACOR HOLDINGS INC., 460 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10022 |
Oak Hill Advisors Genpar, L.p. | 10 percent owner | 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036 |
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