ADNOC Gas (ADX:ADNOCGAS) Debt-to-Asset : 0.02 (As of Dec. 2023)

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What is ADNOC Gas Debt-to-Asset?

ADNOC Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ1,871 Mil. ADNOC Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ104 Mil. ADNOC Gas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was د.إ106,588 Mil. ADNOC Gas's debt to asset for the quarter that ended in Dec. 2023 was 0.02.

ADNOC Gas Debt-to-Asset Historical Data

The historical data trend for ADNOC 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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ADNOC Gas Debt-to-Asset Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Debt-to-Asset

0.02

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Debt-to-Asset	-	-	0.02

Competitive Comparison of ADNOC Gas's Debt-to-Asset

For the Oil & Gas Integrated subindustry, ADNOC 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.

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

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

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

ADNOC Gas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ADNOC Gas's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1870.79	+	104.037)	/	106587.922
	=	0.02

ADNOC Gas's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1870.79	+	104.037)	/	106587.922
	=	0.02

ADNOC Gas (ADX:ADNOCGAS) 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.

ADNOC Gas Debt-to-Asset Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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