Unit (UNTCW) Accumulated Depreciation : $-118.82 Mil (As of Mar. 2024)

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What is Unit Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Unit's quarterly accumulated depreciation increased from Sep. 2023 ($-109.99 Mil) to Dec. 2023 ($-115.83 Mil) and increased from Dec. 2023 ($-115.83 Mil) to Mar. 2024 ($-118.82 Mil).

Unit's annual accumulated depreciation declined from Dec. 2021 ($-128.88 Mil) to Dec. 2022 ($-96.61 Mil) but then increased from Dec. 2022 ($-96.61 Mil) to Dec. 2023 ($-115.83 Mil).

Unit Accumulated Depreciation Historical Data

The historical data trend for Unit's Accumulated Depreciation 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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Unit Accumulated Depreciation Chart

Unit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accumulated Depreciation

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-6,978.67

-54.19

-128.88

-96.61

-115.83

Unit Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accumulated Depreciation	Get a 7-Day Free Trial															-100.76	-104.37	-109.99	-115.83	-118.82

Unit Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Unit Accumulated Depreciation Related Terms

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Unit (UNTCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Unit Corp (OTCPK:UNTCW) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

UNTC:USA

Address

8200 South Unit Drive, Tulsa, OK, USA, 74132

Website

https://www.unitcorp.com

Unit Corp is an oil and natural gas contract drilling company. The company is also in exploration and production and mid-stream areas. There are three segments which include Oil and Natural gas, Contract Drilling and Mid-stream. The oil and natural gas segment is engaged in the development, acquisition, and production of oil, NGLs, and natural gas properties. The contract drilling segment is engaged in the land contract drilling of oil and natural gas wells and the mid-stream segment is engaged in the buying, selling, gathering, processing, and treating of natural gas. Majority of revenue is generated from Oil and Natural Gas.