Total Energy Services (Total Energy Services) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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What is Total Energy Services 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. Total Energy Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.16.

Total Energy Services's long-term debt to total assets ratio increased from Mar. 2023 (0.14) to Mar. 2024 (0.16). It may suggest that Total Energy Services is progressively becoming more dependent on debt to grow their business.

Total Energy Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Total Energy Services'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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Total Energy Services LT-Debt-to-Total-Asset Chart

Total Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.28

0.24

0.15

0.12

Total Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.13	0.12	0.12	0.16

Total Energy Services LT-Debt-to-Total-Asset Calculation

Total Energy Services'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 )
	=	75.16	/	642.261
	=	0.12

Total Energy Services'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 )
	=	110.703	/	695.693
	=	0.16

Total Energy Services (OTCPK:TOTZF) 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.

Total Energy Services LT-Debt-to-Total-Asset Related Terms

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Total Energy Services (Total Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Total Energy Services Inc (OTCPK:TOTZF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

5O7:Germany TOT:Canada

Address

734 - 7th Avenue S.W., Suite 1000, Calgary, AB, CAN, T2P 3P8

Website

https://www.totalenergy.ca

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The majority of revenue is from the Compression & Process Service segment, which includes the Company fabricates a full range of natural gas compression equipment as well as oil, natural gas and other process equipment The company's operations are conducted in Canada, the United States of America, and Australia, out of which the majority are from Canada.