Coastal Energy Co (LSE:CEO) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2013)

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What is Coastal Energy Co 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. Coastal Energy Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2013 was 0.10.

Coastal Energy Co's long-term debt to total assets ratio declined from Sep. 2012 (0.12) to Sep. 2013 (0.10). It may suggest that Coastal Energy Co is progressively becoming less dependent on debt to grow their business.

Coastal Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Coastal Energy Co'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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Coastal Energy Co LT-Debt-to-Total-Asset Chart

Coastal Energy Co Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

LT-Debt-to-Total-Asset

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0.11

0.08

0.09

0.04

0.11

Coastal Energy Co Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.11	0.09	0.10	0.10

Coastal Energy Co LT-Debt-to-Total-Asset Calculation

Coastal Energy Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2012 is calculated as

LT Debt to Total Assets (A: Dec. 2012 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2012 )	/	Total Assets (A: Dec. 2012 )
	=	58.846	/	553.505
	=	0.11

Coastal Energy Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2013 is calculated as

LT Debt to Total Assets (Q: Sep. 2013 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2013 )	/	Total Assets (Q: Sep. 2013 )
	=	69.804	/	693.048
	=	0.10

Coastal Energy Co (LSE:CEO) 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.

Coastal Energy Co LT-Debt-to-Total-Asset Related Terms

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Coastal Energy Co (LSE:CEO) Business Description

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Address

Website

http://www.CoastalEnergy.com

Coastal Energy Company was founded in 2004.The company is involved in the acquisition, exploration and development of oil and gas properties in the Gulf of Thailand and Malaysia. It is also involved in the acquisition, exploration and development of onshore petroleum properties in Thailand.