Oceanpact Servicos Maritimos (BSP:OPCT3) LT-Debt-to-Total-Asset : 0.37 (As of Mar. 2024)

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What is Oceanpact Servicos Maritimos 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. Oceanpact Servicos Maritimos's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.37.

Oceanpact Servicos Maritimos's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.37). It may suggest that Oceanpact Servicos Maritimos is progressively becoming more dependent on debt to grow their business.

Oceanpact Servicos Maritimos LT-Debt-to-Total-Asset Historical Data

The historical data trend for Oceanpact Servicos Maritimos'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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Oceanpact Servicos Maritimos LT-Debt-to-Total-Asset Chart

Oceanpact Servicos Maritimos Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.60

0.45

0.33

0.39

Oceanpact Servicos Maritimos Quarterly Data
	Dec18	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															0.31	0.28	0.42	0.39	0.37

Oceanpact Servicos Maritimos LT-Debt-to-Total-Asset Calculation

Oceanpact Servicos Maritimos'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 )
	=	923.718	/	2383.27
	=	0.39

Oceanpact Servicos Maritimos'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 )
	=	897.917	/	2456.846
	=	0.37

Oceanpact Servicos Maritimos (BSP:OPCT3) 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.

Oceanpact Servicos Maritimos LT-Debt-to-Total-Asset Related Terms

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Oceanpact Servicos Maritimos (BSP:OPCT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Oceanpact Servicos Maritimos SA (BSP:OPCT3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua da Gloria, 122 - 11 Andar, Gloria, Rio de Janeiro, BRA, 20241-180

Website

https://www.oceanpact.com

Oceanpact Servicos Maritimos SA specialized in the management and response to emergency situations occurring in marine and coastal environments. It develops and implements safe, efficient and innovative solutions in the areas of the environment, subsea operations and logistical and engineering support. The company offers services for the study, protection, monitoring and sustainable use of the sea, the coast and marine resources for customers from different sectors of the economy, such as oil and gas, energy, mining, telecommunications, port, navigation, tourism, fishing and aquaculture.

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