Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Societe Nationale d'Electrolyse et de Petrochimie 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. Societe Nationale d'Electrolyse et de Petrochimie's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Societe Nationale d'Electrolyse et de Petrochimie's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.15). It may suggest that Societe Nationale d'Electrolyse et de Petrochimie is progressively becoming less dependent on debt to grow their business.

Societe Nationale d'Electrolyse et de Petrochimie LT-Debt-to-Total-Asset Historical Data

The historical data trend for Societe Nationale d'Electrolyse et de Petrochimie'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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Societe Nationale d'Electrolyse et de Petrochimie LT-Debt-to-Total-Asset Chart

Societe Nationale d'Electrolyse et de Petrochimie Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.22

0.18

0.16

0.15

Societe Nationale d'Electrolyse et de Petrochimie Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	-	0.16	0.15	0.15

Societe Nationale d'Electrolyse et de Petrochimie LT-Debt-to-Total-Asset Calculation

Societe Nationale d'Electrolyse et de Petrochimie'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 )
	=	260.262	/	1717.305
	=	0.15

Societe Nationale d'Electrolyse et de Petrochimie'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 )
	=	260.262	/	1717.305
	=	0.15

Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) 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.

Societe Nationale d'Electrolyse et de Petrochimie LT-Debt-to-Total-Asset Related Terms

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Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route Cotiere N 111 - Mohammadia, Casablanca, MAR

Website

http://www.snep.ma

Societe Nationale d'Electrolyse et de Petrochimie manufactures vinyl products (PVC and Compound PVC) and products resulting from electrolysis (Soda, Chlorine, Bleach) and Hydrochloric Acid. The company ioffers its products to BTP, Irrigation, Drinking water supply and sanitation, Detergency and domestic and industrial hygiene, Water treatment, and Food industry.

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