Eurasia Drilling Co (LSE:EDCL) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2015)

View and export this data going back to . Start your Free Trial

What is Eurasia Drilling Co 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. Eurasia Drilling Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2015 was 0.28.

Eurasia Drilling Co's long-term debt to total assets ratio increased from Jun. 2014 (0.27) to Jun. 2015 (0.28). It may suggest that Eurasia Drilling Co is progressively becoming more dependent on debt to grow their business.

Eurasia Drilling Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eurasia Drilling Co'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.

* Premium members only.

Eurasia Drilling Co LT-Debt-to-Total-Asset Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.15

0.22

0.15

0.27

0.37

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.30	0.27	0.27	0.37	0.28

Eurasia Drilling Co LT-Debt-to-Total-Asset Calculation

Eurasia Drilling Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2014 is calculated as

LT Debt to Total Assets (A: Dec. 2014 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2014 )	/	Total Assets (A: Dec. 2014 )
	=	992.952	/	2685.913
	=	0.37

Eurasia Drilling Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2015 is calculated as

LT Debt to Total Assets (Q: Jun. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2015 )	/	Total Assets (Q: Jun. 2015 )
	=	802.606	/	2839.248
	=	0.28

Eurasia Drilling Co (LSE:EDCL) 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.

Eurasia Drilling Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Eurasia Drilling Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Eurasia Drilling Co (LSE:EDCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eurasia Drilling Co Ltd (LSE:EDCL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

Eurasia Drilling Co (LSE:EDCL) Headlines

No Headlines