BP (BP) Debt-to-Asset : 0.23 (As of Dec. 2023)

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What is BP Debt-to-Asset?

BP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,934 Mil. BP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $57,141 Mil. BP's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $280,294 Mil. BP's debt to asset for the quarter that ended in Dec. 2023 was 0.23.

BP Debt-to-Asset Historical Data

The historical data trend for BP's Debt-to-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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BP Debt-to-Asset Chart

BP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.26

0.31

0.24

0.19

0.23

BP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.19	0.21	0.22	0.21	0.23

Competitive Comparison of BP's Debt-to-Asset

For the Oil & Gas Integrated subindustry, BP's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BP's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, BP's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where BP's Debt-to-Asset falls into.

BP Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

BP's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5934	+	57141)	/	280294
	=	0.23

BP's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(5934	+	57141)	/	280294
	=	0.23

BP (NYSE:BP) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

BP Debt-to-Asset Related Terms

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BP (BP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP PLC (NYSE:BP) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

BPAQF:USA BP N:Mexico BPl:UK BP.B.PFD:UK BP.A.PFD:UK BP.:UK BPE5:Germany BSU:Germany BPE5:Germany BPE:Germany BPE5:Germany BPE:Germany BSU:Germany BPE5:Germany BPE:Germany B1PP34:Brazil BP:Argentina

Address

1 St James's Square, London, GBR, SW1Y 4PD

Website

https://www.bp.com

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.

Executives

Karen Richardson

Non-Executive Director