Anton Oilfield Services Group (HKSE:03337) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Anton Oilfield Services Group 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. Anton Oilfield Services Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Anton Oilfield Services Group's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.05). It may suggest that Anton Oilfield Services Group is progressively becoming less dependent on debt to grow their business.

Anton Oilfield Services Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anton Oilfield Services Group'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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Anton Oilfield Services Group LT-Debt-to-Total-Asset Chart

Anton Oilfield Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.26

0.12

0.11

0.12

Anton Oilfield Services Group 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															0.13	0.11	0.10	0.12	0.05

Anton Oilfield Services Group LT-Debt-to-Total-Asset Calculation

Anton Oilfield Services Group'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 )
	=	1259.829	/	10726.552
	=	0.12

Anton Oilfield Services Group'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 )
	=	484.773	/	10348.696
	=	0.05

Anton Oilfield Services Group (HKSE:03337) 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.

Anton Oilfield Services Group LT-Debt-to-Total-Asset Related Terms

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Anton Oilfield Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Anton Oilfield Services Group (HKSE:03337) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ATONY:USA 5AO:Germany

Address

No. 8, Pingcui West Road, Donghuqu, Chaoyang District, Beijing, CHN, 100102

Website

https://www.antonoil.com

Anton Oilfield Services Group is an investment holding company principally engaged in the provision of integrated oil and gas field development technical services. The Company operates its business through the following segments; Oilfield technical services, Oilfield management services, Drilling rig services, and Inspection services. The majority of the company's revenue is generated from the Oilfield technical services segment which covers the full life cycle of oil and gas development, including geological technology, drilling technology, well completion and stimulation technology as well as asset leasing services for the industry. Geographically, the firm derives its key revenue from the Republic of Iraq followed by the People's Republic of China, and other countries.

Executives

Luo Lin	2101 Beneficial owner
Avalon Assets Limited	2101 Beneficial owner
Butterfield Trust (asia) Limited	2301 Trustee
China Oil Hbp Science & Technology Co., Ltd.
Credit Suisse Trust Limited	2101 Beneficial owner
Pro Development Holdings Corp.	2101 Beneficial owner
Hong Kong Huihua Global Technology Limited	2101 Beneficial owner

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