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Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Liabilities-to-Assets : 0.63 (As of Dec. 2024)


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What is Burgan Company for Well Drilling Trading and MaintenanceK 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. Burgan Company for Well Drilling Trading and MaintenanceK's Total Liabilities for the quarter that ended in Dec. 2024 was KWD129.46 Mil. Burgan Company for Well Drilling Trading and MaintenanceK's Total Assets for the quarter that ended in Dec. 2024 was KWD206.06 Mil. Therefore, Burgan Company for Well Drilling Trading and MaintenanceK's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2024 was 0.63.


Burgan Company for Well Drilling Trading and MaintenanceK Liabilities-to-Assets Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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.

Burgan Company for Well Drilling Trading and MaintenanceK Liabilities-to-Assets Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data
Trend Mar13 Mar14 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.69 0.67 0.65 0.62

Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.62 0.61 0.62 0.63

Competitive Comparison of Burgan Company for Well Drilling Trading and MaintenanceK's Liabilities-to-Assets

For the Oil & Gas Drilling subindustry, Burgan Company for Well Drilling Trading and MaintenanceK'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.


Burgan Company for Well Drilling Trading and MaintenanceK's Liabilities-to-Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Burgan Company for Well Drilling Trading and MaintenanceK's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Burgan Company for Well Drilling Trading and MaintenanceK's Liabilities-to-Assets falls into.


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Burgan Company for Well Drilling Trading and MaintenanceK 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.

Burgan Company for Well Drilling Trading and MaintenanceK's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Liabilities-to-Assets (A: Mar. 2024 )=Total Liabilities/Total Assets
=122.753/199.308
=0.62

Burgan Company for Well Drilling Trading and MaintenanceK's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2024 is calculated as

Liabilities-to-Assets (Q: Dec. 2024 )=Total Liabilities/Total Assets
=129.458/206.064
=0.63

* 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.


Burgan Company for Well Drilling Trading and MaintenanceK  (KUW:ABAR) 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.


Burgan Company for Well Drilling Trading and MaintenanceK Liabilities-to-Assets Related Terms

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Burgan Company for Well Drilling Trading and MaintenanceK Business Description

Traded in Other Exchanges
N/A
Address
Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022
Burgan Company for Well Drilling Trading and Maintenance SAK provides drilling, exploration, and maintenance services for oil and gas companies. The company offers development and exploratory services, as well as drilling and maintenance of oil and gas wells in Kuwait and internationally with the approval of the Ministry of Oil. It also establishes, participates in, or acquires affiliates as outlined in its Memorandum of Incorporation. Additionally, the company invests its financial surpluses in portfolios managed by specialized entities. Burgan Company serves its clients by drilling deep, medium, and shallow wells, as well as performing workover operations. Its primary operating segment is oil and gas well services.

Burgan Company for Well Drilling Trading and MaintenanceK Headlines

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