Abu Dhabi National Energy Co PJSC (ADX:TAQA) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2024)

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What is Abu Dhabi National Energy Co PJSC 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. Abu Dhabi National Energy Co PJSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.25.

Abu Dhabi National Energy Co PJSC's long-term debt to total assets ratio declined from Sep. 2023 (0.29) to Sep. 2024 (0.25). It may suggest that Abu Dhabi National Energy Co PJSC is progressively becoming less dependent on debt to grow their business.

Abu Dhabi National Energy Co PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abu Dhabi National Energy Co PJSC'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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Abu Dhabi National Energy Co PJSC LT-Debt-to-Total-Asset Chart

Abu Dhabi National Energy Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.34

0.28

0.29

Abu Dhabi National Energy Co PJSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.29	0.29	0.27	0.25	0.25

Abu Dhabi National Energy Co PJSC LT-Debt-to-Total-Asset Calculation

Abu Dhabi National Energy Co PJSC'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 )
	=	55330	/	194000
	=	0.29

Abu Dhabi National Energy Co PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	54133	/	213004
	=	0.25

Abu Dhabi National Energy Co PJSC (ADX:TAQA) 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.

Abu Dhabi National Energy Co PJSC LT-Debt-to-Total-Asset Related Terms

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Abu Dhabi National Energy Co PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Abu Dhabi National Energy Co PJSC (ADX:TAQA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Abu Dhabi Global Market Square, 25th Floor, Al Maqam Tower (Tower 3), P.O. Box 55224, Al Maryah Island, Abu Dhabi, ARE

Website

https://www.taqa.com

Abu Dhabi National Energy Co PJSC which is majority-owned by the Abu Dhabi government is a fully integrated energy provider with operations in nine markets around the world. Its segment includes Power and Water Generation segment, Power and Water Transmission and Distribution segment, Oil and Gas segment which is in North America, Europe, and Atrush. These segments provide services in power generation, water desalination, oil and gas exploration, pipelines, as well as gas storage.

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