Parker Drilling Co (Parker Drilling Co) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2019)

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What is Parker 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. Parker Drilling Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2019 was 0.26.

Parker Drilling Co's long-term debt to total assets ratio increased from Dec. 2018 (0.00) to Dec. 2019 (0.26). It may suggest that Parker Drilling Co is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Parker 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.

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

Parker Drilling Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

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0.42

0.52

0.58

0.26

Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.30	0.27	0.26

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

Parker Drilling Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	177.937	/	682.848
	=	0.26

Parker Drilling Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (Q: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2019 )	/	Total Assets (Q: Dec. 2019 )
	=	177.937	/	682.848
	=	0.26

Parker Drilling Co (OTCPK:PKRDQ.PFD) 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.

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

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Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKRDQ.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.