Oil & Natural Gas (BOM:500312) Debt-to-Asset : 0.22 (As of Mar. 2024)

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What is Oil & Natural Gas Debt-to-Asset?

Oil & Natural Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹497,231 Mil. Oil & Natural Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹1,034,574 Mil. Oil & Natural Gas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ₹7,101,930 Mil. Oil & Natural Gas's debt to asset for the quarter that ended in Mar. 2024 was 0.22.

Oil & Natural Gas Debt-to-Asset Historical Data

The historical data trend for Oil & Natural Gas'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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Oil & Natural Gas Debt-to-Asset Chart

Oil & Natural Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.27

0.26

0.22

0.24

0.22

Oil & Natural Gas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.24	-	0.21	-	0.22

Competitive Comparison of Oil & Natural Gas's Debt-to-Asset

For the Oil & Gas Integrated subindustry, Oil & Natural Gas'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.

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

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

* The bar in red indicates where Oil & Natural Gas's Debt-to-Asset falls into.

Oil & Natural Gas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Oil & Natural Gas's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(497231.2	+	1034574.1)	/	7101929.7
	=	0.22

Oil & Natural Gas's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(497231.2	+	1034574.1)	/	7101929.7
	=	0.22

Oil & Natural Gas (BOM:500312) 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.

Oil & Natural Gas Debt-to-Asset Related Terms

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Oil & Natural Gas (BOM:500312) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil & Natural Gas Corp Ltd (BOM:500312) » Definitions » Debt-to-Asset

Comparable Companies

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ONGC:India

Address

Plot No. 5A-5B, Nelson Mandela Road, Deendayal Urja Bhawan, Vasant Kunj, New Delhi, IND, 110070

Website

https://www.ongcindia.com

Oil & Natural Gas Corp Ltd is an Indian-based company. It engages in the exploration, development, and production of oil and natural gas. The company operates onshore and offshore fields globally through joint ventures and partnerships. Crude oil production has been the lead revenue generator, with Russian assets providing the most production. Apart from the exploration and production operations, it engages in the transportation and refining of hydrocarbon products. Oil and Natural Gas Corp carries out its business as a public sector undertaking for the Government of India.

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