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North American Construction Group (TSX:NOA) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2024)


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What is North American Construction Group 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. North American Construction Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.43.

North American Construction Group's long-term debt to total assets ratio increased from Dec. 2023 (0.40) to Dec. 2024 (0.43). It may suggest that North American Construction Group is progressively becoming more dependent on debt to grow their business.

North American Construction Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for North American Construction Group'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.

North American Construction Group LT-Debt-to-Total-Asset Chart

North American Construction Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.40 0.40 0.40 0.43

North American Construction Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.42 0.43 0.43 0.43

North American Construction Group LT-Debt-to-Total-Asset Calculation

North American Construction Group'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 )
=730.84/1694.264
=0.43

North American Construction Group'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 )
=730.84/1694.264
=0.43

* 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.

North American Construction Group  (TSX:NOA) 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.

North American Construction Group LT-Debt-to-Total-Asset Related Terms

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North American Construction Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » North American Construction Group Ltd (TSX:NOA) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
TSX:MATR TSX:TCW TSX:TOT TSX:PSI TSX:CFW TSX:STEP TSX:SHLE TSX:PSD TSX:E TSX:MCB SLB BKR HAL MIL:TEN FTI SHSE:601808 XPAR:TE XPAR:GTT NOV CHX
Traded in Other Exchanges
NOA:USA N5Z:Germany
Address
27287 - 100 Avenue Acheson, Acheson, AB, CAN, T7X 6H8
Website
http://www.nacg.ca
North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies. The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. The Company's reportable segments are Heavy Equipment - Canada, Heavy Equipment - Australia, and Other. Heavy Equipment - Canada and Heavy Equipment - Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes our mine management contract work in the United States, its external maintenance and rebuild programs.
Executives
Martin Robert Ferron Director, Senior Officer
Maryse C. Saint-laurent Director
Bryan Daniel Pinney Director
North American Construction Group Ltd. Issuer
Joseph Charles Lambert Senior Officer
Jordan Slator Senior Officer
Barry Wade Palmer Senior Officer
David Grant Kallay Senior Officer