NG Energy International (NG Energy International) LT-Debt-to-Total-Asset : 0.69 (As of Dec. 2023)

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What is NG Energy International 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. NG Energy International's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.69.

NG Energy International's long-term debt to total assets ratio increased from Dec. 2022 (0.63) to Dec. 2023 (0.69). It may suggest that NG Energy International is progressively becoming more dependent on debt to grow their business.

NG Energy International LT-Debt-to-Total-Asset Historical Data

The historical data trend for NG Energy International'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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NG Energy International LT-Debt-to-Total-Asset Chart

NG Energy International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.14

0.63

0.69

NG Energy International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.63	0.67	0.63	0.73	0.69

NG Energy International LT-Debt-to-Total-Asset Calculation

NG Energy International'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 )
	=	73.871	/	106.857
	=	0.69

NG Energy International'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 )
	=	73.871	/	106.857
	=	0.69

NG Energy International (OTCPK:GASXF) 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.

NG Energy International LT-Debt-to-Total-Asset Related Terms

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NG Energy International (NG Energy International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NG Energy International Corp (OTCPK:GASXF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

56P:Germany GASX:Canada

Address

595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1

Website

https://www.ngxenergyintl.com

NG Energy International Corp is an oil and gas company. It is engaged in the business of exploration and development of oil and gas. The company derives key revenue from the sales of oil and natural gas.

NG Energy International (NG Energy International) Headlines

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