Hascol Petroleum (KAR:HASCOL) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)

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What is Hascol Petroleum 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. Hascol Petroleum's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

Hascol Petroleum's long-term debt to total assets ratio declined from Sep. 2023 (0.23) to Sep. 2024 (0.22). It may suggest that Hascol Petroleum is progressively becoming less dependent on debt to grow their business.

Hascol Petroleum LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hascol Petroleum'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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Hascol Petroleum LT-Debt-to-Total-Asset Chart

Hascol Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.49

0.32

0.31

0.25

Hascol Petroleum 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															0.23	0.25	0.25	0.24	0.22

Hascol Petroleum LT-Debt-to-Total-Asset Calculation

Hascol Petroleum'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 )
	=	12068.496	/	49207.831
	=	0.25

Hascol Petroleum'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 )
	=	9179.93	/	42434.538
	=	0.22

Hascol Petroleum (KAR:HASCOL) 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.

Hascol Petroleum LT-Debt-to-Total-Asset Related Terms

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Hascol Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hascol Petroleum Ltd (KAR:HASCOL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Abdul Sattar Edhi Avenue, Block 4, Office No. 29, 29th floor, Sky Tower, West Wing (Tower A), Clifton, Dolmen City, Karachi, SD, PAK

Website

https://www.hascol.com

Hascol Petroleum Ltd is engaged in the business of procurement, storage, and marketing of petroleum and related products such as high-speed diesel, gasoline, fuel oil, FUCHS lubricants.

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