Transneft PJSC (MIC:TRNFP) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Transneft 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. Transneft PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Transneft PJSC's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.08). It may suggest that Transneft PJSC is progressively becoming more dependent on debt to grow their business.

Transneft PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Transneft 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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Transneft PJSC LT-Debt-to-Total-Asset Chart

Transneft PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.17

0.15

0.10

0.08

Transneft PJSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.10	0.09	0.09	0.08

Transneft PJSC LT-Debt-to-Total-Asset Calculation

Transneft PJSC'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 )
	=	275328	/	3654474
	=	0.08

Transneft PJSC'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 )
	=	275328	/	3654474
	=	0.08

Transneft PJSC (MIC:TRNFP) 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.

Transneft PJSC LT-Debt-to-Total-Asset Related Terms

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Transneft PJSC (MIC:TRNFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Transneft PJSC (MIC:TRNFP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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Address

4 Building No. 2, Presnenskaya Embankment, Moscow, RUS, 123112

Website

https://www.transneft.ru

Transneft PJSC along with its subsidiaries is engaged in the business of transfer, coordination and management of transportation of petroleum and petroleum products through pipelines within Russia and abroad. The operating business segments are - Oil transportation, Petroleum products transportation, Trading operations for sale of oil and petroleum products, and Stevedoring additional ports services and fleet services. Geographically, the company operates in Russian Federation, China, and Other countries with maximum revenue from Russian Federation.

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