TotalEnergies SE (XPAR:TTE) LT-Debt-to-Total-Asset : 0.14 (As of Dec. 2023)

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What is TotalEnergies SE 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. TotalEnergies SE's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

TotalEnergies SE's long-term debt to total assets ratio declined from Dec. 2022 (0.14) to Dec. 2023 (0.14). It may suggest that TotalEnergies SE is progressively becoming less dependent on debt to grow their business.

TotalEnergies SE LT-Debt-to-Total-Asset Historical Data

The historical data trend for TotalEnergies SE'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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TotalEnergies SE LT-Debt-to-Total-Asset Chart

TotalEnergies SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.22

0.16

0.14

TotalEnergies SE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															0.14	0.15	0.14	0.14	0.14

TotalEnergies SE LT-Debt-to-Total-Asset Calculation

TotalEnergies SE'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 )
	=	35102.76	/	260110.718
	=	0.13

TotalEnergies SE'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 )
	=	35102.76	/	260110.718
	=	0.13

TotalEnergies SE (XPAR:TTE) 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.

TotalEnergies SE LT-Debt-to-Total-Asset Related Terms

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TotalEnergies SE (XPAR:TTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies SE (XPAR:TTE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TTFNF:USA TTE:USA TOT N:Mexico 0A30:UK TTEp:UK TTE:UK TOTB:Germany FP:Austria

Address

2, Place Jean Millier, La Defense 6, Courbevoie, FRA, 92400

Website

https://www.totalenergies.com

TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.5 million barrels of liquids and 6.8 billion cubic feet of natural gas per day. At end-2022, reserves stood at 10.2 billion barrels of oil equivalent, 56% of which are liquids. During 2021, it had LNG sales of 48.1 Mt. The company owns interests in refineries with capacity of nearly 2.0 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. It also holds a 19% interest in Russian oil company Novatek. At year-end, its gross installed renewable power generation capacity was 16.8 GW.