National Refinery (KAR:NRL) LT-Debt-to-Total-Asset: 0.03 (As of Mar. 2026)

What is National Refinery LT-Debt-to-Total-Asset?

National Refinery KAR:NRL +3.05% 69 LT-Debt-to-Total-Asset is 0.03 as of Mar. 2026. GuruFocus rates KAR:NRL with a GF Score™ of 69/100 and a GF Value™ of ₨331.48 (Modestly Overvalued). The stock has 4 warning signs investors should review.

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. National Refinery's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.03.

National Refinery's long-term debt to total assets ratio declined from Mar. 2025 (0.15) to Mar. 2026 (0.03). It may suggest that National Refinery is progressively becoming less dependent on debt to grow their business.

National Refinery (KAR:NRL) 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.

National Refinery LT-Debt-to-Total-Asset Related Terms

National Refinery LT-Debt-to-Total-Asset Historical Data

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The historical data trend for National Refinery'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.

National Refinery LT-Debt-to-Total-Asset Chart

National Refinery Annual Data

Trend

Jun16

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Jun25

LT-Debt-to-Total-Asset

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0.00

0.08

National Refinery Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.08	0.06	0.05	0.03

69GF Score

National Refinery Ltd KAR:NRL

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

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National Refinery LT-Debt-to-Total-Asset Calculation

National Refinery's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2025 is calculated as

LT Debt to Total Assets (A: Jun. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2025 )	/	Total Assets (A: Jun. 2025 )
	=	11375.646	/	149495.621
	=	0.08

National Refinery's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	5725.061	/	217306.838
	=	0.03

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.03 mean?

National Refinery (KAR:NRL) has a LT-Debt-to-Total-Asset of 0.03 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on National Refinery and its competitors.

Is National Refinery's LT-Debt-to-Total-Asset too high?

National Refinery's current LT-Debt-to-Total-Asset is 0.03. Overall, National Refinery has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does National Refinery's LT-Debt-to-Total-Asset compare to VLO and MPC?

National Refinery's LT-Debt-to-Total-Asset of 0.03 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?

A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on National Refinery and its competitors. National Refinery's current LT-Debt-to-Total-Asset is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is National Refinery stock overvalued right now?

Based on GuruFocus' analysis, National Refinery (KAR:NRL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨331.48, compared to a current price of ₨391.52 — trading 18.1% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.03. National Refinery's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current LT-Debt-to-Total-Asset is 0.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Refinery (KAR:NRL) Overvalued in 2026?

Based on GuruFocus' analysis, National Refinery stock appears to be overvalued. The current stock price of ₨391.52 is trading 18.1% above its estimated GF Value™ of ₨331.48. GuruFocus considers National Refinery to be Modestly Overvalued.

Key valuation signals for KAR:NRL:

LT-Debt-to-Total-Asset: 0.03
GF Value™: ₨331.48 vs. price of ₨391.52 (18.1% above fair value)
GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the KAR:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Refinery Business Description

Industry Energy Oil & Gas

Comparable Companies KAR:PRL KAR:HASCOL KAR:WAFI KAR:CNERGY KAR:HTL KAR:APL KAR:ATRL NSE:RELIANCE VLO MPC PSX XKAZ:KMGZ OHEL:NESTE NSE:IOC TSE:5020 TPE:6505 BOM:500547 SUN DINO XKRX:096770

Address 7-B, Korangi Industrial Area, P.O. Box 8228, Karachi, PAK, 74900

Website http://www.nrlpak.com

National Refinery Ltd is a Pakistan-based company engaged in manufacturing and supplying fuel products, lubes, BTX, asphalts and specialty products for domestic consumption and export. It is also involved in the crude oil refining business. The company operates through two segments namely Fuel and Lube. The Fuel segment, which is the key revenue driver, is engaged in the production of high-speed diesel, naphtha, motor gasoline, liquefied petroleum gas, jet fuels, and furnace oil. The Lube segment produces multiple grades of lube base oils, bitumen, waxes and rubber process oil and some quantities of other fuel products. It derives maximum revenue from Fuel Segment.

69GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨391.52

Price

₨331.48

GF Value

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