Abraj Energy Services CoOG (MUS:ABRJ) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

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What is Abraj Energy Services CoOG 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. Abraj Energy Services CoOG's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.28.

Abraj Energy Services CoOG's long-term debt to total assets ratio increased from Sep. 2023 (0.26) to Sep. 2024 (0.28). It may suggest that Abraj Energy Services CoOG is progressively becoming more dependent on debt to grow their business.

Abraj Energy Services CoOG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abraj Energy Services CoOG'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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Abraj Energy Services CoOG LT-Debt-to-Total-Asset Chart

Abraj Energy Services CoOG Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.29

0.27

Abraj Energy Services CoOG Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.26	0.27	0.25	0.23	0.28

Abraj Energy Services CoOG LT-Debt-to-Total-Asset Calculation

Abraj Energy Services CoOG'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 )
	=	75.625	/	276.471
	=	0.27

Abraj Energy Services CoOG'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 )
	=	80.648	/	285.723
	=	0.28

Abraj Energy Services CoOG (MUS:ABRJ) 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.

Abraj Energy Services CoOG LT-Debt-to-Total-Asset Related Terms

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Abraj Energy Services CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Abraj Energy Services Co SAOG (MUS:ABRJ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building Number 420, Way number 1005, 4th floor, Mawaleh, Muscat, OMN

Website

https://www.abrajenergy.com

Abraj Energy Services Co SAOG is an integrated energy company. It mainly provides oilfield services such as onshore drilling, workover, flowback, well testing, healthy intervention, cementing, fracturing, coil tubing, integrated project management, drilling fluids services, and training services. It has two reportable segments: Drilling and Work Over, Well Services, and Others of which it generates the majority of the revenue from the Drilling and Work Over Segment.

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