Petronet LNG (BOM:532522) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Petronet LNG 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. Petronet LNG's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Petronet LNG's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Mar. 2024 (0.10). It may suggest that Petronet LNG is progressively becoming more dependent on debt to grow their business.

Petronet LNG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Petronet LNG'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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Petronet LNG LT-Debt-to-Total-Asset Chart

Petronet LNG Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.19

0.18

0.15

0.14

0.10

Petronet LNG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.14	0.12	-	0.10

Petronet LNG LT-Debt-to-Total-Asset Calculation

Petronet LNG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	25964.2	/	255230.3
	=	0.10

Petronet LNG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	25964.2	/	255230.3
	=	0.10

Petronet LNG (BOM:532522) 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.

Petronet LNG LT-Debt-to-Total-Asset Related Terms

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Petronet LNG (BOM:532522) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petronet LNG Ltd (BOM:532522) » Definitions » LT-Debt-to-Total-Asset

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PETRONET:India

Address

Babar Road, Barakhamba Lane, World Trade Centre, 1st Floor, New Delhi, IND, 110001

Website

https://www.petronetlng.in

Petronet LNG Ltd is an oil and gas refining and marketing company formed by the government of India. The company operates liquified natural gas receiving and regasification terminals across India. Through its terminals, it also offers tolling services and re-loading terminals. The company has a single operating segment which is Natural Gas Business. Petronet LNG also owns a solid cargo port at Dahej with facilities to import and export products such as steel, coal, and fertilizer in bulk. Sales are largely composed of regasified liquefied natural gas and the majority of its revenue is derived from India.

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