PT Elnusa Tbk (ISX:ELSA) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2024)

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What is PT Elnusa Tbk 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. PT Elnusa Tbk's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.08.

PT Elnusa Tbk's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.08). It may suggest that PT Elnusa Tbk is progressively becoming less dependent on debt to grow their business.

PT Elnusa Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Elnusa Tbk'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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PT Elnusa Tbk LT-Debt-to-Total-Asset Chart

PT Elnusa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.15

0.10

0.12

0.09

PT Elnusa Tbk Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.09	0.09	0.09	0.08

PT Elnusa Tbk LT-Debt-to-Total-Asset Calculation

PT Elnusa Tbk'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 )
	=	831590	/	9601482
	=	0.09

PT Elnusa Tbk'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 )
	=	857097	/	10504476
	=	0.08

PT Elnusa Tbk (ISX:ELSA) 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.

PT Elnusa Tbk LT-Debt-to-Total-Asset Related Terms

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PT Elnusa Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Elnusa Tbk (ISX:ELSA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Jalan T.B. Simatupang Kav. 1 B, Graha Elnusa, 16th Floor, Jakarta, IDN, 12560

Website

https://www.elnusa.co.id

PT Elnusa Tbk is an Indonesian company which provides oil and gas services. The business activities of the group are operated through Upstream oil and gas service, Oil and gas support service, and Energy distribution and logistics services segments. The Upstream oil and gas services segment provides geophysical/seismic data services, oil, and gas drilling service and oilfield services; Oil and gas support services segment provides threading services, threading for oil and gas drilling, data and information on energy and mineral resources management services, oil and gas data management services and others; and Energy distribution and logistics services segment is a key revenue driver that provides storage services, trading, distribution and marketing of oil and gas products in Indonesia.

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