Pembina Pipeline (FRA:P5P) LT-Debt-to-Total-Asset : 0.35 (As of Sep. 2024)

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What is Pembina Pipeline 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. Pembina Pipeline's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.35.

Pembina Pipeline's long-term debt to total assets ratio increased from Sep. 2023 (0.34) to Sep. 2024 (0.35). It may suggest that Pembina Pipeline is progressively becoming more dependent on debt to grow their business.

Pembina Pipeline LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pembina Pipeline'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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Pembina Pipeline LT-Debt-to-Total-Asset Chart

Pembina Pipeline Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.33

0.35

0.34

0.32

Pembina Pipeline 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															0.34	0.32	0.34	0.35	0.35

Pembina Pipeline LT-Debt-to-Total-Asset Calculation

Pembina Pipeline'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 )
	=	7119.463	/	22294.802
	=	0.32

Pembina Pipeline'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 )
	=	8221.808	/	23553.973
	=	0.35

Pembina Pipeline (FRA:P5P) 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.

Pembina Pipeline LT-Debt-to-Total-Asset Related Terms

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Pembina Pipeline Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pembina Pipeline Corp (FRA:P5P) » Definitions » LT-Debt-to-Total-Asset

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Address

585 - 8th Avenue S.W., Suite 4000, Calgary, AB, CAN, T2P 1G1

Website

https://www.pembina.com

Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.

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