Nostrum Oil & Gas (FRA:3NO0) LT-Debt-to-Total-Asset : 1.01 (As of Sep. 2024)

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What is Nostrum Oil & Gas 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. Nostrum Oil & Gas's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 1.01.

Nostrum Oil & Gas's long-term debt to total assets ratio increased from Sep. 2023 (0.89) to Sep. 2024 (1.01). It may suggest that Nostrum Oil & Gas is progressively becoming more dependent on debt to grow their business.

Nostrum Oil & Gas LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nostrum Oil & Gas'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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Nostrum Oil & Gas LT-Debt-to-Total-Asset Chart

Nostrum Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.30

0.91

Nostrum Oil & Gas 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															0.89	0.91	0.92	1.00	1.01

Nostrum Oil & Gas LT-Debt-to-Total-Asset Calculation

Nostrum Oil & Gas'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 )
	=	432.432	/	476.236
	=	0.91

Nostrum Oil & Gas'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 )
	=	478.709	/	472.361
	=	1.01

Nostrum Oil & Gas (FRA:3NO0) 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.

Nostrum Oil & Gas LT-Debt-to-Total-Asset Related Terms

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Nostrum Oil & Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nostrum Oil & Gas PLC (FRA:3NO0) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

NOG:UK

Address

20 Eastbourne Terrace, London, GBR, W2 6LG

Website

https://www.nog.co.uk

Nostrum Oil & Gas PLC is engaged in the production, development, and exploration of oil and gas in Kazakhstan. It provides the market with crude oil, stabilized liquid condensate, liquefied petroleum gas, and dry gas. Majority of the company's production is derived from licensed assets in the pre-Caspian basin that can be found in western Kazakhstan. In addition to handling the production of its oil assets, Nostrum handles marketing and transportation. It has a network of pipelines and terminals that help ship products to a variety of end markets. The company's client base includes a host of international customers.

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