Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) LT-Debt-to-Total-Asset : 0.37 (As of Dec. 2023)

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What is Abu Dhabi National Oil Co For Distribution PJSC 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. Abu Dhabi National Oil Co For Distribution PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.37.

Abu Dhabi National Oil Co For Distribution PJSC's long-term debt to total assets ratio declined from Dec. 2022 (0.42) to Dec. 2023 (0.37). It may suggest that Abu Dhabi National Oil Co For Distribution PJSC is progressively becoming less dependent on debt to grow their business.

Abu Dhabi National Oil Co For Distribution PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abu Dhabi National Oil Co For Distribution PJSC'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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Abu Dhabi National Oil Co For Distribution PJSC LT-Debt-to-Total-Asset Chart

Abu Dhabi National Oil Co For Distribution PJSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.48

0.06

0.42

0.37

Abu Dhabi National Oil Co For Distribution PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.42	0.43	0.39	0.37

Abu Dhabi National Oil Co For Distribution PJSC LT-Debt-to-Total-Asset Calculation

Abu Dhabi National Oil Co For Distribution PJSC'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 )
	=	7056.531	/	18891.629
	=	0.37

Abu Dhabi National Oil Co For Distribution PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	7056.531	/	18891.629
	=	0.37

Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) 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.

Abu Dhabi National Oil Co For Distribution PJSC LT-Debt-to-Total-Asset Related Terms

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Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Abu Dhabi National Oil Co For Distribution PJSC (ADX:ADNOCDIST) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Bin Sultan Street, P.O. Box 4188, Next to National Drilling Company and UNB Building, Abu Dhabi, ARE

Website

https://www.adnocdistribution.ae

Abu Dhabi National Oil Co For Distribution PJSC is an operator of retail fuel service stations in the United Arab Emirates. The company segments include Commercial (B2B) and Retail (B2C). It generates maximum revenue from the Retail (B2C) segment. Retail (B2C) segment which involves the sale of gasoline and petroleum products, convenience store sales, car wash and other car care services, oil change services, vehicle inspection services and property leasing and management through the retail sites.

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