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Innovex Downhole Solutions (Innovex Downhole Solutions) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2023)


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What is Innovex Downhole Solutions 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. Innovex Downhole Solutions's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.16.

Innovex Downhole Solutions's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2023 (0.16). It may suggest that Innovex Downhole Solutions is progressively becoming more dependent on debt to grow their business.


Innovex Downhole Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for Innovex Downhole Solutions'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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Innovex Downhole Solutions LT-Debt-to-Total-Asset Chart

Innovex Downhole Solutions Annual Data
Trend Dec21 Dec22
LT-Debt-to-Total-Asset
0.12 0.23

Innovex Downhole Solutions Quarterly Data
Dec21 Sep22 Dec22 Sep23
LT-Debt-to-Total-Asset 0.12 - 0.23 0.16

Innovex Downhole Solutions LT-Debt-to-Total-Asset Calculation

Innovex Downhole Solutions's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=99.925/436.286
=0.23

Innovex Downhole Solutions's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )/Total Assets (Q: Sep. 2023 )
=75.865/486.98
=

* 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.


Innovex Downhole Solutions  (NYSE:INVX) 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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Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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