KazTransOil JSC (XKAZ:KZTO) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is KazTransOil JSC 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. KazTransOil JSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

KazTransOil JSC's long-term debt to total assets ratio increased from Sep. 2023 (0.06) to Sep. 2024 (0.07). It may suggest that KazTransOil JSC is progressively becoming more dependent on debt to grow their business.

KazTransOil JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for KazTransOil JSC'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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KazTransOil JSC LT-Debt-to-Total-Asset Chart

KazTransOil JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.07

KazTransOil JSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.07	0.07	0.07	0.07

KazTransOil JSC LT-Debt-to-Total-Asset Calculation

KazTransOil JSC'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 )
	=	93795.474	/	1358382.11
	=	0.07

KazTransOil JSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	94294.437	/	1346058.781
	=	0.07

KazTransOil JSC (XKAZ:KZTO) 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.

KazTransOil JSC LT-Debt-to-Total-Asset Related Terms

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KazTransOil JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » KazTransOil JSC (XKAZ:KZTO) » Definitions » LT-Debt-to-Total-Asset

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Address

20, Turan Avenue, Non-Residential Premises 12, Esil District, Astana, KAZ, 010000

Website

https://www.kaztransoil.kz

KazTransOil JSC provides oil transportation services. The company aims at the development and integration of a network of Kazakhstan's main pipelines, enhancement of reliability of existing and construction of new oil transportation facilities. The group is organized into business units based on its services and has various reportable segments namely Oil transportation and related services; Oil transshipment, Water transportation, and Other segments. KazTransOil derives majority of its revenue from Oil transportation and related services.

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