Saudi Aramco Base Oil Co - Luberef (SAU:2223) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2024)

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What is Saudi Aramco Base Oil Co - Luberef 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 Aramco Base Oil Co - Luberef's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.12.

Saudi Aramco Base Oil Co - Luberef's long-term debt to total assets ratio declined from Dec. 2023 (0.22) to Dec. 2024 (0.12). It may suggest that Saudi Aramco Base Oil Co - Luberef is progressively becoming less dependent on debt to grow their business.

Saudi Aramco Base Oil Co - Luberef LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef LT-Debt-to-Total-Asset Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.26

0.24

0.22

0.12

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.22	0.13	0.12	0.12	0.12

Saudi Aramco Base Oil Co - Luberef LT-Debt-to-Total-Asset Calculation

Saudi Aramco Base Oil Co - Luberef's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	934.922	/	7739.247
	=	0.12

Saudi Aramco Base Oil Co - Luberef's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	934.922	/	7739.247
	=	0.12

Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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 Aramco Base Oil Co - Luberef LT-Debt-to-Total-Asset Related Terms

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Saudi Aramco Base Oil Co - Luberef Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7168 Al Minaa, P.O. Box 5518, 3072 Petromin District, Jeddah, SAU, 22411

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and in purchasing, selling, transporting, marketing, importing and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others. The company derives the majority of its revenue from sales of Base oils.

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