Indonesia Energy (Indonesia Energy) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Indonesia Energy 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. Indonesia Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Indonesia Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.03). It may suggest that Indonesia Energy is progressively becoming more dependent on debt to grow their business.

Indonesia Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Indonesia Energy'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.

* Premium members only.

Indonesia Energy LT-Debt-to-Total-Asset Chart

Indonesia Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.10

0.06

0.08

0.01

0.03

Indonesia Energy Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.08	0.01	0.01	-	0.03

Indonesia Energy LT-Debt-to-Total-Asset Calculation

Indonesia Energy'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 )
	=	0.468	/	17.725
	=	0.03

Indonesia Energy'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 )
	=	0.468	/	17.725
	=	0.03

Indonesia Energy (AMEX:INDO) 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.

Indonesia Energy LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Indonesia Energy's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Indonesia Energy (Indonesia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indonesia Energy Corp Ltd (AMEX:INDO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Pasar Minggu No. 17A, Gedung Graha Anugerah, Kelurahan Pancoran, Kecamatan Pancoran, Jakarta Selatan, Jakarta, IDN, 12780

Website

https://www.indo-energy.com

Indonesia Energy Corp Ltd is an oil and gas exploration and production company focused on Indonesia. Its portfolio consists of Kruh Block and Citarum Block. The company generates its revenue from oil and gas sales.