PetroChina Co (PetroChina Co) Debt-to-Asset : 0.13 (As of Mar. 2024)

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What is PetroChina Co Debt-to-Asset?

PetroChina Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $12,434 Mil. PetroChina Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $36,908 Mil. PetroChina Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $382,446 Mil. PetroChina Co's debt to asset for the quarter that ended in Mar. 2024 was 0.13.

PetroChina Co Debt-to-Asset Historical Data

The historical data trend for PetroChina Co'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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PetroChina Co Debt-to-Asset Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.23

0.20

0.19

0.17

0.15

PetroChina Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.17	0.16	0.15	0.15	0.13

Competitive Comparison of PetroChina Co's Debt-to-Asset

For the Oil & Gas Integrated subindustry, PetroChina Co'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.

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

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

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

PetroChina Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PetroChina Co'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
	=	(21959.469	+	35942.411)	/	385522.814
	=	0.15

PetroChina Co'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
	=	(12434.215	+	36908.005)	/	382445.74
	=	0.13

PetroChina Co (OTCPK:PTRCY) 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.

PetroChina Co Debt-to-Asset Related Terms

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PetroChina Co (PetroChina Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (OTCPK:PTRCY) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

PCCYF:USA 00857:Hong Kong PC6:Germany 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.