Novolipetsk Steel PJSC (MIC:NLMK) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2021)

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What is Novolipetsk Steel PJSC 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. Novolipetsk Steel PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.16.

Novolipetsk Steel PJSC's long-term debt to total assets ratio declined from Dec. 2020 (0.25) to Dec. 2021 (0.16). It may suggest that Novolipetsk Steel PJSC is progressively becoming less dependent on debt to grow their business.

Novolipetsk Steel PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Novolipetsk Steel PJSC'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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Novolipetsk Steel PJSC LT-Debt-to-Total-Asset Chart

Novolipetsk Steel PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.17

0.21

0.25

0.16

Novolipetsk Steel PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.21	0.18	0.17	0.16

Novolipetsk Steel PJSC LT-Debt-to-Total-Asset Calculation

Novolipetsk Steel PJSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	145060.466	/	899123.51
	=	0.16

Novolipetsk Steel PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (Q: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )	/	Total Assets (Q: Dec. 2021 )
	=	145060.466	/	899123.51
	=	0.16

Novolipetsk Steel PJSC (MIC:NLMK) 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.

Novolipetsk Steel PJSC LT-Debt-to-Total-Asset Related Terms

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Novolipetsk Steel PJSC (MIC:NLMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Novolipetsk Steel PJSC (MIC:NLMK) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

2, Metallurgov Sq., Lipetsk, RUS, 398040

Website

https://www.nlmk.com

Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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