Borouge (ADX:BOROUGE) LT-Debt-to-Total-Asset : 0.35 (As of Mar. 2024)

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What is Borouge 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. Borouge's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.35.

Borouge's long-term debt to total assets ratio declined from Mar. 2023 (0.40) to Mar. 2024 (0.35). It may suggest that Borouge is progressively becoming less dependent on debt to grow their business.

Borouge LT-Debt-to-Total-Asset Historical Data

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

Borouge Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.41

0.37

Borouge Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.40	0.38	0.39	0.37	0.35

Borouge LT-Debt-to-Total-Asset Calculation

Borouge'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 )
	=	12132.092	/	32851.288
	=	0.37

Borouge'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 )
	=	11766	/	33739.785
	=	0.35

Borouge (ADX:BOROUGE) 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.

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Borouge (ADX:BOROUGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Borouge Plc (ADX:BOROUGE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

El Corniche Street, PO Box 6925, Borouge Tower, Sheikh Khalifa Energy Complex, Abu Dhabi, ARE

Website

https://www.borouge.com

Borouge Plc petrochemical company that provides innovative solutions of polyolefins such as polyethylene and polypropylene for a wide range of industries such as packaging, infrastructure, energy, mobility, agriculture, and healthcare.

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