Newpark Resources (Newpark Resources) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Newpark Resources 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. Newpark Resources's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Newpark Resources's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.12). It may suggest that Newpark Resources is progressively becoming less dependent on debt to grow their business.

Newpark Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Newpark Resources'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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Newpark Resources LT-Debt-to-Total-Asset Chart

Newpark Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.06

0.16

0.12

Newpark Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.12	0.12	0.12

Newpark Resources LT-Debt-to-Total-Asset Calculation

Newpark Resources'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 )
	=	75.521	/	642.336
	=	0.12

Newpark Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	78.484	/	640.829
	=	0.12

Newpark Resources (NYSE:NR) 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.

Newpark Resources LT-Debt-to-Total-Asset Related Terms

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Newpark Resources (Newpark Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Newpark Resources Inc (NYSE:NR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NWP:Germany

Address

9320 Lakeside Boulevard, Suite 100, The Woodlands, TX, USA, 77381

Website

https://www.newpark.com

Newpark Resources Inc is a diversified supplier providing environmentally-sensitive products, as well as rentals and services to customers across multiple industries. The company has two operating segments: Industrial Solutions segment provides temporary worksite access solutions, including the rental of recyclable composite matting systems, along with related site construction and services to customers in various markets including power transmission, oil and natural gas exploration and production, pipeline, renewable energy, petrochemical, construction, and other industries and Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers for oil, natural gas, and geothermal projects.

Executives

Claudia Michel Meer	director	5425 WICKFORD DRIVE, NORTH BETHESDA MD 20852
Mary Celeste Fruge	officer: VP, General Counsel	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
John C Minge	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Michael A Lewis	director	77 BEALE ST, P.O. BOX 770000, SAN FRANCISCO CA 94177
Donald Win Young	director	3311 DEL MONTE DRIVE, HOUSTON TX 77019
Gregg Piontek	officer: VP, Controller, PAO	2700 RESEARCH FOREST DRIVE, SUITE 100, THE WOODLANDS TX 77381
Edward Chipman Earle	officer: VP and Special Advisor to CEO	2103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042
Matthew Lanigan	officer: VP and Pres of NMIS	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Lori Briggs	officer: VP & President, Industrial	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Paul L Howes	director, officer: President and CEO	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Douglas L White	officer: Controller, CAO, PAO	2700 RESEARCH FOREST DRIVE, SUITE 100, THE WOODLANDS TX 77381
David A Paterson	officer: VP & President, Fluid Systems	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Bruce Campbell Smith	officer: VP & Pres, Drilling Fluids	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
David C Anderson	director	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381
Mark J Airola	officer: Vice President, General Counse	9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381