Ardova (NSA:ARDOVA) Debt-to-Asset : 0.44 (As of Jun. 2022)

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What is Ardova Debt-to-Asset?

Ardova's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was ₦8,600 Mil. Ardova's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was ₦46,754 Mil. Ardova's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2022 was ₦126,736 Mil. Ardova's debt to asset for the quarter that ended in Jun. 2022 was 0.44.

Ardova Debt-to-Asset Historical Data

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

Ardova Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Asset

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0.24

0.31

0.11

0.14

0.46

Ardova Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Debt-to-Asset	Get a 7-Day Free Trial															0.17	0.15	0.46	0.44	0.44

Competitive Comparison of Ardova's Debt-to-Asset

For the Oil & Gas Refining & Marketing subindustry, Ardova'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.

Ardova's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ardova's Debt-to-Asset distribution charts can be found below:

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

Ardova Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ardova's Debt-to-Asset for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(22823.26	+	35735.49)	/	126879.713
	=	0.46

Ardova's Debt-to-Asset for the quarter that ended in Jun. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(8600.243	+	46754.412)	/	126736.444
	=	0.44

Ardova (NSA:ARDOVA) 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.

Ardova Debt-to-Asset Related Terms

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Ardova (NSA:ARDOVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ardova PLC (NSA:ARDOVA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, AP/Conoil Road, Ijora-Apapa, Lagos, NGA

Website

http://www.ardovaplc.com

Ardova PLC integrated energy company in Nigeria involved in the marketing of petroleum products. The company also provides aircraft refueling operations at its Aviation Joint User's hydrants in Ikeja and Joint Aviation depots in Abuja, Port Harcourt, and Kano as a provider of aviation fuel for local and international airlines. It also procures and markets Liquefied Petroleum Gas. It manufactures and distributes a wide range of quality lubricants, which include Super V, Visco 2000, and Diesel Motor Oil from its lubricating oil blending plant at its Apapa terminal in Lagos. The company is the sole authorized distributor of Shell Engine Oils and Lubricants for the Nigerian market. the company is also into renewable energy.

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