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ADNOC Gas (ADX:ADNOCGAS) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)


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What is ADNOC Gas LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. ADNOC Gas's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

ADNOC Gas's long-term debt to total assets ratio increased from Dec. 2020 (0.00) to Dec. 2023 (0.00). It may suggest that ADNOC Gas is progressively becoming more dependent on debt to grow their business.

ADNOC Gas LT-Debt-to-Total-Asset Historical Data

The historical data trend for ADNOC Gas's LT-Debt-to-Total-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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ADNOC Gas LT-Debt-to-Total-Asset Chart

ADNOC Gas Annual Data
Trend Dec20 Dec21 Dec23
LT-Debt-to-Total-Asset
- - -

ADNOC Gas Semi-Annual Data
Dec20 Dec21 Dec23
LT-Debt-to-Total-Asset - - -

ADNOC Gas LT-Debt-to-Total-Asset Calculation

ADNOC Gas's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=104.037/106587.922
=0.00

ADNOC Gas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=104.037/106587.922
=0.00

* 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.

ADNOC Gas  (ADX:ADNOCGAS) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

ADNOC Gas LT-Debt-to-Total-Asset Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
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Address
Corniche Road West, P.O. Box 898, Abu Dhabi, ARE
Website
https://www.adnoc.ae
ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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