National Company KazMunayGaz JSC (XKAZ:KMGZ) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is National Company KazMunayGaz JSC 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. National Company KazMunayGaz JSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

National Company KazMunayGaz JSC's long-term debt to total assets ratio declined from Dec. 2022 (0.23) to Dec. 2023 (0.20). It may suggest that National Company KazMunayGaz JSC is progressively becoming less dependent on debt to grow their business.

National Company KazMunayGaz JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for National Company KazMunayGaz JSC'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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National Company KazMunayGaz JSC LT-Debt-to-Total-Asset Chart

National Company KazMunayGaz JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.21

0.23

0.20

National Company KazMunayGaz JSC 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															0.23	0.22	0.22	0.21	0.20

National Company KazMunayGaz JSC LT-Debt-to-Total-Asset Calculation

National Company KazMunayGaz JSC'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 )
	=	3453616	/	16942712
	=	0.20

National Company KazMunayGaz JSC'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 )
	=	3453616	/	16942712
	=	0.20

National Company KazMunayGaz JSC (XKAZ:KMGZ) 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.

National Company KazMunayGaz JSC LT-Debt-to-Total-Asset Related Terms

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National Company KazMunayGaz JSC (XKAZ:KMGZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Company KazMunayGaz JSC (XKAZ:KMGZ) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

19, Kabanbay-batyr avenue, Astana, KAZ, 10000

Website

http://www.kmg.kz

National Company KazMunayGaz JSC is an energy company. It is engaged in the exploration, production, refining, and transportation of hydrocarbons in Kazakhstan's oil and gas sector. The company is geographically focused in the regions of the Black Sea and the Mediterranean Sea. Its projects include Upstream projects; Oil transportation projects; Gas transportation projects and Service projects.

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