United Drilling Tools (BOM:522014) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is United Drilling Tools 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. United Drilling Tools's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

United Drilling Tools's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.01). It may suggest that United Drilling Tools is progressively becoming more dependent on debt to grow their business.

United Drilling Tools LT-Debt-to-Total-Asset Historical Data

The historical data trend for United Drilling Tools'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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United Drilling Tools LT-Debt-to-Total-Asset Chart

United Drilling Tools Annual Data

Trend

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LT-Debt-to-Total-Asset

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United Drilling Tools 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															-	-	-	-	0.01

United Drilling Tools LT-Debt-to-Total-Asset Calculation

United Drilling Tools'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 )
	=	12.283	/	3568.826
	=	0.00

United Drilling Tools'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 )
	=	15.377	/	2876.524
	=	0.01

United Drilling Tools (BOM:522014) 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.

United Drilling Tools LT-Debt-to-Total-Asset Related Terms

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United Drilling Tools Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Drilling Tools Ltd (BOM:522014) » Definitions » LT-Debt-to-Total-Asset

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UNIDT:India

Address

Astralis Tower, Supernova Complex, Gautam Budh Nagar, Sector-94, 26th Floor, Noida, UP, IND, 201301

Website

https://www.udtltd.com

United Drilling Tools Ltd is a manufacturer of Oilfield Equipment. Its product profile includes Wireline Winch Units, Artificial Gas Lift Equipments, Fast Make-Up High-Performance Connectors, Down Hole Tools, and Casing Pipe with Connectors. The company operates in domestic as well as international markets.

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