Global Offshore Services (BOM:501848) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Global Offshore 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. Global Offshore Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Global Offshore Services's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.05). It may suggest that Global Offshore Services is progressively becoming more dependent on debt to grow their business.

Global Offshore Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Global Offshore 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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Global Offshore Services LT-Debt-to-Total-Asset Chart

Global Offshore Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.62

0.23

0.05

0.04

0.06

Global Offshore Services 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															0.05	-	0.06	-	0.05

Global Offshore Services LT-Debt-to-Total-Asset Calculation

Global Offshore Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	78.192	/	1427.557
	=	0.05

Global Offshore Services'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 )
	=	76.085	/	1419.621
	=	0.05

Global Offshore Services (BOM:501848) 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.

Global Offshore Services LT-Debt-to-Total-Asset Related Terms

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Global Offshore Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Offshore Services Ltd (BOM:501848) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

D.N. Road, 3rd Floor, Prospect Chambers, Fort, Mumbai, MH, IND, 400001

Website

https://www.globaloffshore.in

Global Offshore Services Ltd is an Indian firm engaged in providing offshore support services to exploration and production companies. The company's vessels support oil and gas exploration efforts involving: the transport of personnel to rigs/platforms from onshore bases and vice-versa, delivery of cargo/material to rigs/platforms, anchor handling operations, towing of rigs from one location to another, support to offshore/underwater construction projects, the platform supply vessels owned and operated by the company and its subsidiaries are deployed in India, the North Sea, Brazil, and West Africa. The charter hire segment constitutes the majority of the company's revenue.

Global Offshore Services Headlines

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