ADNOC Logistics & Services (ADX:ADNOCLS) Debt-to-Asset : 0.05 (As of Dec. 2023)

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What is ADNOC Logistics & Services Debt-to-Asset?

ADNOC Logistics & Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ163 Mil. ADNOC Logistics & Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ901 Mil. ADNOC Logistics & Services's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was د.إ21,104 Mil. ADNOC Logistics & Services's debt to asset for the quarter that ended in Dec. 2023 was 0.05.

ADNOC Logistics & Services Debt-to-Asset Historical Data

The historical data trend for ADNOC Logistics & Services's Debt-to-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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ADNOC Logistics & Services Debt-to-Asset Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.24

0.44

0.05

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-Asset	0.24	0.44	0.05

Competitive Comparison of ADNOC Logistics & Services's Debt-to-Asset

For the Marine Shipping subindustry, ADNOC Logistics & Services's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ADNOC Logistics & Services's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ADNOC Logistics & Services's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where ADNOC Logistics & Services's Debt-to-Asset falls into.

ADNOC Logistics & Services Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ADNOC Logistics & Services's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(162.764	+	900.78)	/	21104.08
	=	0.05

ADNOC Logistics & Services's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(162.764	+	900.78)	/	21104.08
	=	0.05

ADNOC Logistics & Services (ADX:ADNOCLS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

ADNOC Logistics & Services Debt-to-Asset Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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