Comet Ridge (ASX:COI) Debt-to-Asset : 0.07 (As of Dec. 2023)

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What is Comet Ridge Debt-to-Asset?

Comet Ridge's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.13 Mil. Comet Ridge's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$7.46 Mil. Comet Ridge's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was A$108.89 Mil. Comet Ridge's debt to asset for the quarter that ended in Dec. 2023 was 0.07.

Comet Ridge Debt-to-Asset Historical Data

The historical data trend for Comet Ridge's Debt-to-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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Comet Ridge Debt-to-Asset Chart

Comet Ridge Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Asset

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0.18

0.07

Comet Ridge Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.07	0.18	0.06	0.07	0.07

Competitive Comparison of Comet Ridge's Debt-to-Asset

For the Oil & Gas E&P subindustry, Comet Ridge's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Comet Ridge's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Comet Ridge's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Comet Ridge's Debt-to-Asset falls into.

Comet Ridge Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Comet Ridge's Debt-to-Asset for the fiscal year that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	7.205)	/	111.362
	=	0.06

Comet Ridge's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.128	+	7.456)	/	108.894
	=	0.07

Comet Ridge (ASX:COI) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Comet Ridge Debt-to-Asset Related Terms

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Comet Ridge (ASX:COI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Comet Ridge Ltd (ASX:COI) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

410 Queen Street, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.cometridge.com.au

Comet Ridge Ltd is an exploration company. It is engaged in the exploration and evaluation of its tenements for oil and gas reserves. The projects of the company includes Mahalo North and Mahalo Gas Project, Gunnedah, and Galilee Basin project. The projects are located in the states of Queensland and New South Wales, Australia.

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