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CTBG (Coil Tubing Technology) Liabilities-to-Assets : 0.59 (As of Sep. 2015)


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What is Coil Tubing Technology Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Coil Tubing Technology's Total Liabilities for the quarter that ended in Sep. 2015 was $5.75 Mil. Coil Tubing Technology's Total Assets for the quarter that ended in Sep. 2015 was $9.81 Mil. Therefore, Coil Tubing Technology's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2015 was 0.59.


Coil Tubing Technology Liabilities-to-Assets Historical Data

The historical data trend for Coil Tubing Technology's Liabilities-to-Assets 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.

* Premium members only.

Coil Tubing Technology Liabilities-to-Assets Chart

Coil Tubing Technology Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Liabilities-to-Assets
0.32 0.13 0.19 0.45

Coil Tubing Technology Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.45 0.51 0.52 0.59

Competitive Comparison of Coil Tubing Technology's Liabilities-to-Assets

For the Oil & Gas Equipment & Services subindustry, Coil Tubing Technology's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Coil Tubing Technology's Liabilities-to-Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Coil Tubing Technology's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Coil Tubing Technology's Liabilities-to-Assets falls into.



Coil Tubing Technology Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Coil Tubing Technology's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2014 is calculated as:

Liabilities-to-Assets (A: Dec. 2014 )=Total Liabilities/Total Assets
=5.391/12.078
=0.45

Coil Tubing Technology's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2015 is calculated as

Liabilities-to-Assets (Q: Sep. 2015 )=Total Liabilities/Total Assets
=5.745/9.811
=0.59

* 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.


Coil Tubing Technology  (OTCPK:CTBG) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Coil Tubing Technology Liabilities-to-Assets Related Terms

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Coil Tubing Technology Business Description

Traded in Other Exchanges
N/A
Address
22305 Gosling Road, Spring, TX, USA, 77389
Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.

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