Borouge (ADX:BOROUGE) Debt-to-Asset : 0.35 (As of Mar. 2024)

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What is Borouge Debt-to-Asset?

Borouge's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ31 Mil. Borouge's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ11,766 Mil. Borouge's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was د.إ33,739 Mil. Borouge's debt to asset for the quarter that ended in Mar. 2024 was 0.35.

Borouge Debt-to-Asset Historical Data

The historical data trend for Borouge'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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Borouge Debt-to-Asset Chart

Borouge Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.41

0.37

Borouge Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial				0.40	0.38	0.39	0.37	0.35

Competitive Comparison of Borouge's Debt-to-Asset

For the Specialty Chemicals subindustry, Borouge'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.

Borouge's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Borouge's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Borouge's Debt-to-Asset falls into.

Borouge Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Borouge'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
	=	(30.585	+	12131.897)	/	32850.76
	=	0.37

Borouge's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(30.831	+	11765.811)	/	33739.243
	=	0.35

Borouge (ADX:BOROUGE) 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.

Borouge Debt-to-Asset Related Terms

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Borouge (ADX:BOROUGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE

Website

https://www.borouge.com

Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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