ION Geophysical (FRA:IO8N) LT-Debt-to-Total-Asset : 0.73 (As of Sep. 2021)

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What is ION Geophysical 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. ION Geophysical's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.73.

ION Geophysical's long-term debt to total assets ratio stayed the same from Sep. 2020 (0.73) to Sep. 2021 (0.73).

ION Geophysical LT-Debt-to-Total-Asset Historical Data

The historical data trend for ION Geophysical'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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ION Geophysical LT-Debt-to-Total-Asset Chart

ION Geophysical Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.46

0.39

0.56

0.64

0.20

ION Geophysical Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.73	0.20	0.79	0.79	0.73

ION Geophysical LT-Debt-to-Total-Asset Calculation

ION Geophysical's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	31.542	/	159.133
	=	0.20

ION Geophysical's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )	/	Total Assets (Q: Sep. 2021 )
	=	118.905	/	162.272
	=	0.73

ION Geophysical (FRA:IO8N) 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.

ION Geophysical LT-Debt-to-Total-Asset Related Terms

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ION Geophysical (FRA:IO8N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ION Geophysical Corp (FRA:IO8N) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2105 CityWest Boulevard, Suite 100, Houston, TX, USA, 77042-2855

Website

https://www.iongeo.com

ION Geophysical Corp is a United States-based technology-focused company, which provides geoscience products, services, and solutions to the global oil and gas industry. The company operates through two segments: E&P Technology & Services and E&P Operations Optimization. It generates the majority of its revenue comes from the Technology & Services segment which creates digital data assets and delivers services to E&P(exploration and production) companies. Its geographical segments are Latin America, North America, Europe, Asia Pacific, Africa, Middle East, and others.

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