Etablissements Maurel & Prom (FRA:ETX) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Etablissements Maurel & Prom 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. Etablissements Maurel & Prom's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Etablissements Maurel & Prom's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.07). It may suggest that Etablissements Maurel & Prom is progressively becoming less dependent on debt to grow their business.

Etablissements Maurel & Prom LT-Debt-to-Total-Asset Historical Data

The historical data trend for Etablissements Maurel & Prom'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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Etablissements Maurel & Prom LT-Debt-to-Total-Asset Chart

Etablissements Maurel & Prom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.32

0.20

0.13

0.09

Etablissements Maurel & Prom Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.13	0.11	0.09	0.07

Etablissements Maurel & Prom LT-Debt-to-Total-Asset Calculation

Etablissements Maurel & Prom'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 )
	=	149.301	/	1707.595
	=	0.09

Etablissements Maurel & Prom's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	128.117	/	1839.112
	=	0.07

Etablissements Maurel & Prom (FRA:ETX) 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.

Etablissements Maurel & Prom LT-Debt-to-Total-Asset Related Terms

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Etablissements Maurel & Prom Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Etablissements Maurel & Prom (FRA:ETX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MAUp:UK 0F6L:UK MAU:France

Address

51, rue d'Anjou, Paris, FRA, 75008

Website

https://www.maureletprom.fr

Etablissements Maurel & Prom is a part of the oil & gas industry in France. It specializes in the extraction and production of hydrocarbons. Its activities are split into three segments, namely Exploration, Production, and Drilling. The production of hydrocarbons being its primary activity generates the bulk of the company's revenues. The Production segment focuses on the production of hydrocarbons in Gabon (oil) and Tanzania. The Drilling segment is known for its ownership of a fleet of drilling rigs. The Exploration Segment focuses on oil and gas exploration and production operations. The company's majority of its revenue is generated through its activities in Africa.

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