Petrol AD (XBUL:PET) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2023)

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What is Petrol AD 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. Petrol AD's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.28.

Petrol AD's long-term debt to total assets ratio declined from Dec. 2021 (0.37) to Mar. 2023 (0.28). It may suggest that Petrol AD is progressively becoming less dependent on debt to grow their business.

Petrol AD LT-Debt-to-Total-Asset Historical Data

The historical data trend for Petrol AD'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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Petrol AD LT-Debt-to-Total-Asset Chart

Petrol AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.35

0.38

0.31

0.37

0.48

Petrol AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.32	0.36	0.48	0.28

Petrol AD LT-Debt-to-Total-Asset Calculation

Petrol AD's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	92.645	/	192.145
	=	0.48

Petrol AD's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	49.82	/	175.903
	=	0.28

Petrol AD (XBUL:PET) 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.

Petrol AD LT-Debt-to-Total-Asset Related Terms

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Petrol AD (XBUL:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrol AD (XBUL:PET) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

bul. Cherni vrah 43, rayon Lozenets, Sofia, BGR, 1407

Website

http://www.petrol.bg

Petrol AD is engaged in the distribution of fuels in Bulgaria. Its other business activities comprise selling of fuel at retail and wholesale, storage of fuels and maintenance of fuel sales facilities.