CTBG (Coil Tubing Technology) LT-Debt-to-Total-Asset : 0.54 (As of Sep. 2015)

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What is Coil Tubing Technology 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. Coil Tubing Technology's long-term debt to total assests ratio for the quarter that ended in Sep. 2015 was 0.54.

Coil Tubing Technology's long-term debt to total assets ratio increased from Sep. 2014 (0.10) to Sep. 2015 (0.54). It may suggest that Coil Tubing Technology is progressively becoming more dependent on debt to grow their business.

Coil Tubing Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coil Tubing Technology'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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Coil Tubing Technology LT-Debt-to-Total-Asset Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

LT-Debt-to-Total-Asset

0.03

0.02

0.11

0.38

Coil Tubing Technology Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.10	0.38	0.45	0.48	0.54

Coil Tubing Technology LT-Debt-to-Total-Asset Calculation

Coil Tubing Technology's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2014 is calculated as

LT Debt to Total Assets (A: Dec. 2014 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2014 )	/	Total Assets (A: Dec. 2014 )
	=	4.623	/	12.078
	=	0.38

Coil Tubing Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2015 is calculated as

LT Debt to Total Assets (Q: Sep. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2015 )	/	Total Assets (Q: Sep. 2015 )
	=	5.261	/	9.811
	=	0.54

Coil Tubing Technology (OTCPK:CTBG) 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.

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Coil Tubing Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coil Tubing Technology Inc (OTCPK:CTBG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

22305 Gosling Road, Spring, TX, USA, 77389

Website

http://www.coiltubingtechnology.com

Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.

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