GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » LT-Debt-to-Total-Asset

PAO Sovcomflot (MIC:FLOT) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2023)


View and export this data going back to 2020. Start your Free Trial

What is PAO Sovcomflot 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. PAO Sovcomflot's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.17.

PAO Sovcomflot's long-term debt to total assets ratio declined from Mar. 2021 (0.39) to Jun. 2023 (0.17). It may suggest that PAO Sovcomflot is progressively becoming less dependent on debt to grow their business.


PAO Sovcomflot LT-Debt-to-Total-Asset Historical Data

The historical data trend for PAO Sovcomflot'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.

PAO Sovcomflot LT-Debt-to-Total-Asset Chart

PAO Sovcomflot Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only 0.43 0.44 0.42 0.38 0.37

PAO Sovcomflot Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.38 0.38 0.37 0.17

PAO Sovcomflot LT-Debt-to-Total-Asset Calculation

PAO Sovcomflot's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )/Total Assets (A: Dec. 2021 )
=201450.171/541488.169
=0.37

PAO Sovcomflot's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )/Total Assets (Q: Jun. 2023 )
=91260.371/551592.012
=0.17

* 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.


PAO Sovcomflot  (MIC:FLOT) 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.


PAO Sovcomflot LT-Debt-to-Total-Asset Related Terms

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


PAO Sovcomflot (MIC:FLOT) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6 Gasheka Street, Moscow, RUS, 125047
PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.

PAO Sovcomflot (MIC:FLOT) Headlines

From GuruFocus

Top 5 2nd Quarter Trades of Bigelow Investment Advisors, LLC

By GuruFocus Research GuruFocus Editor 07-18-2022

Top 5 4th Quarter Trades of WHITE PINE CAPITAL LLC

By GuruFocus Research GuruFocus Editor 02-12-2023

Seven Springs Wealth Group, LLC Buys 2, Sells 3 in 3rd Quarter

By GuruFocus Research GuruFocus Editor 10-22-2022

Top 5 4th Quarter Trades of Rezny Wealth Management, Inc.

By GuruFocus Research GuruFocus Editor 01-20-2023

Joseph P. Lucia & Associates, LLC Buys 4, Sells 1 in 4th Quarter

By GuruFocus Research GuruFocus Editor 02-15-2023

Top 5 2nd Quarter Trades of Tillar-Wenstrup Advisors, LLC

By GuruFocus Research GuruFocus Editor 07-22-2022

Top 5 4th Quarter Trades of Alpha Cubed Investments, LLC

By GuruFocus Research GuruFocus Editor 01-25-2023

Top 5 2nd Quarter Trades of Capital Advantage, Inc.

By GuruFocus Research GuruFocus Editor 07-22-2022

Top 5 1st Quarter Trades of Jaffetilchin Investment Partners, LLC

By GuruFocus Research GuruFocus Editor 05-15-2022