Select Energy Services (Select Energy Services) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Select Energy Services 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. Select Energy Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Select Energy Services's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.09). It may suggest that Select Energy Services is progressively becoming less dependent on debt to grow their business.

Select Energy Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Select Energy Services'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.

* Premium members only.

Select Energy Services LT-Debt-to-Total-Asset Chart

Select Energy Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.05

0.07

0.06

0.05

0.03

Select Energy Services 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															0.09	0.09	0.03	0.03	0.09

Select Energy Services LT-Debt-to-Total-Asset Calculation

Select Energy Services'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 )
	=	37.799	/	1218.19
	=	0.03

Select Energy Services'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 )
	=	114.667	/	1291.307
	=	0.09

Select Energy Services (OTCPK:SLESZ) 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.

Select Energy Services LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Select Energy Services's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Select Energy Services (Select Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Select Energy Services Inc (OTCPK:SLESZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

WTTR:USA 18RA:Germany

Address

1233 West Loop South, Suite 1400, Houston, TX, USA, 77027

Website

https://www.selectenergy.com

Select Water Solutions Inc provides sustainable water and chemical solutions to the energy industry. These solutions are supported by the company's critical water infrastructure assets, chemical manufacturing, and water treatment and recycling capabilities.