Sinopec Oilfield Equipment (SZSE:000852) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Sinopec Oilfield Equipment 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. Sinopec Oilfield Equipment's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Sinopec Oilfield Equipment's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Sinopec Oilfield Equipment LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sinopec Oilfield Equipment'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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Sinopec Oilfield Equipment LT-Debt-to-Total-Asset Chart

Sinopec Oilfield Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.05

Sinopec Oilfield Equipment Quarterly Data
	Jun19	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															-	-	-	-	-

Sinopec Oilfield Equipment LT-Debt-to-Total-Asset Calculation

Sinopec Oilfield Equipment'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 )
	=	39.024	/	10044.17
	=	0.00

Sinopec Oilfield Equipment'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 )
	=	32.466	/	9787.897
	=	0.00

Sinopec Oilfield Equipment (SZSE:000852) 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.

Sinopec Oilfield Equipment LT-Debt-to-Total-Asset Related Terms

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Sinopec Oilfield Equipment (SZSE:000852) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Equipment Corp (SZSE:000852) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Huagongyuan First Road, Donghu New Technology Development Zone, Miaoshan Community, Hubei, Wuhan, CHN, 430205

Website

http://sofe.sinopec.com

Sinopec Oilfield Equipment Corp is engaged in making petroleum drilling and mining equipment. It includes the development, sales, inspection, and maintenance services of drill bits, drilling tools, manifolds, valves, downhole tools, and instruments.

Executives

Zou Zhi Guo	Supervisors
Xie Yong Jin	Director
Yu Tian Jing	Supervisors
Hong Chun Ling	Executives
Meng Yong	Securities Affairs Representative

Sinopec Oilfield Equipment (SZSE:000852) Headlines

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