Saudi Arabian Oil Co (SAU:2222) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Saudi Arabian Oil 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. Saudi Arabian Oil Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Saudi Arabian Oil Co's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.09). It may suggest that Saudi Arabian Oil Co is progressively becoming less dependent on debt to grow their business.

Saudi Arabian Oil Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi Arabian Oil 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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Saudi Arabian Oil Co LT-Debt-to-Total-Asset Chart

Saudi Arabian Oil Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.23

0.20

0.13

0.09

Saudi Arabian Oil Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	0.11	0.09	0.09	0.09

Saudi Arabian Oil Co LT-Debt-to-Total-Asset Calculation

Saudi Arabian Oil Co'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 )
	=	226481	/	2477940
	=	0.09

Saudi Arabian Oil Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	226481	/	2477940
	=	0.09

Saudi Arabian Oil Co (SAU:2222) 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.

Saudi Arabian Oil Co LT-Debt-to-Total-Asset Related Terms

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Saudi Arabian Oil Co (SAU:2222) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 5000, Dhahran, SAU, 31311

Website

https://www.aramco.com

Saudi Aramco is the national oil company of Saudi Arabia and holds the exclusive right to explore for, produce, and refine the country's hydrocarbons. It is the largest oil and gas producer in the world with production volume of 13.6 mmboe/d in 2022, including 11.5 mmboe/d of liquids. Its 4.1 mmb/d in net refining capacity makes it the world's fourth-largest refiner. It also owns 56.3 million metric tons of chemical manufacturing capacity, placing it among the top five global chemical companies.

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