Superior Drilling Products (FRA:SDW) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is Superior Drilling Products 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. Superior Drilling Products's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

Superior Drilling Products's long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.22). It may suggest that Superior Drilling Products is progressively becoming less dependent on debt to grow their business.

Superior Drilling Products LT-Debt-to-Total-Asset Historical Data

The historical data trend for Superior Drilling Products'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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Superior Drilling Products LT-Debt-to-Total-Asset Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.43

0.30

0.29

0.22

Superior Drilling Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.23	0.27	0.22	0.22

Superior Drilling Products LT-Debt-to-Total-Asset Calculation

Superior Drilling Products'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 )
	=	5.401	/	24.793
	=	0.22

Superior Drilling Products's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	5.306	/	23.854
	=	0.22

Superior Drilling Products (FRA:SDW) 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.

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Superior Drilling Products (FRA:SDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (FRA:SDW) » Definitions » LT-Debt-to-Total-Asset

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SDPI:USA

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

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