Energean (LSE:ENOG) LT-Debt-to-Total-Asset : 0.55 (As of Dec. 2023)

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What is Energean 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. Energean's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.55.

Energean's long-term debt to total assets ratio increased from Dec. 2022 (0.52) to Dec. 2023 (0.55). It may suggest that Energean is progressively becoming more dependent on debt to grow their business.

Energean LT-Debt-to-Total-Asset Historical Data

The historical data trend for Energean'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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Energean LT-Debt-to-Total-Asset Chart

Energean Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.09

0.57

0.52

0.55

Energean Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.57	0.54	0.52	0.43	0.55

Energean LT-Debt-to-Total-Asset Calculation

Energean'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 )
	=	2519.938	/	4569.095
	=	0.55

Energean'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 )
	=	2519.938	/	4569.095
	=	0.55

Energean (LSE:ENOG) 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.

Energean LT-Debt-to-Total-Asset Related Terms

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Energean (LSE:ENOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energean PLC (LSE:ENOG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EERGF:USA ENOG:Israel ENOGl:UK 1YE:Germany

Address

44 Baker Street, 3rd Floor, Accurist House, London, GBR, W1U 7AL

Website

https://www.energean.com

Energean PLC is an oil and gas company. The principal activity of the group is the exploration, production, and commercialization of crude oil and natural gas. Its segments are Europe (including Greece, Italy, the UK, and Croatia), Israel, Egypt, and New Ventures (Montenegro and Malta). The company's majority of its revenue comes from the European segment of crude oil sales.

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