NOVATEK PJSC (NOVATEK PJSC) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2023)

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What is NOVATEK 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. NOVATEK PJSC's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.05.

NOVATEK PJSC's long-term debt to total assets ratio declined from Mar. 2021 (0.08) to Jun. 2023 (0.05). It may suggest that NOVATEK PJSC is progressively becoming less dependent on debt to grow their business.

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

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

NOVATEK PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

LT-Debt-to-Total-Asset

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0.15

0.07

0.09

0.03

0.06

NOVATEK PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.06	0.03	0.05	0.06

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

NOVATEK 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 )
	=	2275.939	/	35677.19
	=	0.06

NOVATEK PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	1891.706	/	35720.451
	=	0.05

NOVATEK PJSC (OTCPK:NOVKY) 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.

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

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NOVATEK PJSC (NOVATEK PJSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOVATEK PJSC (OTCPK:NOVKY) » Definitions » LT-Debt-to-Total-Asset

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NVTK:Russia

Address

2, Udaltsova Street, Moscow, RUS, 119415

Website

https://www.novatek.ru

NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.

NOVATEK PJSC (NOVATEK PJSC) Headlines

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