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


What is Coil Tubing Technology LT-Debt-to-Total-Asset?

Coil Tubing Technology CTBG LT-Debt-to-Total-Asset is 0.54 as of Sep. 2015.

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  (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.

Coil Tubing Technology LT-Debt-to-Total-Asset Related Terms

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

* Premium members only.

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.

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.54 mean?
Coil Tubing Technology (CTBG) has a LT-Debt-to-Total-Asset of 0.54 as of Sep. 2015. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Coil Tubing Technology and its competitors.
Is Coil Tubing Technology's LT-Debt-to-Total-Asset too high?
Coil Tubing Technology's current LT-Debt-to-Total-Asset is 0.54.
How does Coil Tubing Technology's LT-Debt-to-Total-Asset compare to ESES and BMMCF?
Coil Tubing Technology's LT-Debt-to-Total-Asset of 0.54 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?
A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Coil Tubing Technology and its competitors. Coil Tubing Technology's current LT-Debt-to-Total-Asset is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coil Tubing Technology stock overvalued right now?
Coil Tubing Technology (CTBG) has a current LT-Debt-to-Total-Asset of 0.54. The current LT-Debt-to-Total-Asset is 0.54. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Coil Tubing Technology (CTBG), the current LT-Debt-to-Total-Asset is 0.54 as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Coil Tubing Technology Business Description

Industry EnergyOil & Gas
Address 11237 Crown Park Drive, Suite D, Houston, TX, USA, 77067
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.