ADNOC Logistics & Services (ADX:ADNOCLS) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is ADNOC Logistics & Services 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 Logistics & Services's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

ADNOC Logistics & Services's long-term debt to total assets ratio declined from Dec. 2021 (0.24) to Dec. 2023 (0.04). It may suggest that ADNOC Logistics & Services is progressively becoming less dependent on debt to grow their business.

ADNOC Logistics & Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for ADNOC Logistics & Services'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 Logistics & Services LT-Debt-to-Total-Asset Chart

ADNOC Logistics & Services Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

0.44

0.04

ADNOC Logistics & Services Semi-Annual Data
	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	0.24	0.44	0.04

ADNOC Logistics & Services LT-Debt-to-Total-Asset Calculation

ADNOC Logistics & Services'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 )
	=	900.78	/	21104.08
	=	0.04

ADNOC Logistics & Services'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 )
	=	900.78	/	21104.08
	=	0.04

ADNOC Logistics & Services (ADX:ADNOCLS) 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 Logistics & Services LT-Debt-to-Total-Asset Related Terms

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ADNOC Logistics & Services (ADX:ADNOCLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ADNOC Logistics & Services plc (ADX:ADNOCLS) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Abu Dhabi Global Market Square, Part of Level 28, 28, Al Sarab Tower, Al Maryah Island, Abu Dhabi, ARE, 764649

Website

https://www.adnoc.ae

ADNOC Logistics & Services plc provides fully-integrated, end-to-end services to ADNOC Group companies and our extensive range of customers in the global energy maritime industry. Its business is organised into six operating segments plus others namely tankers, gas carriers, dry bulk shipping (which includes containers), offshore logistics services, onshore logistics services, marine services, and others.

ADNOC Logistics & Services (ADX:ADNOCLS) Headlines

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