United Oil & Gas (LSE:UOG) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is United Oil & Gas 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. United Oil & Gas's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

United Oil & Gas's long-term debt to total assets ratio declined from Jun. 2022 (0.02) to Jun. 2023 (0.00). It may suggest that United Oil & Gas is progressively becoming less dependent on debt to grow their business.

United Oil & Gas LT-Debt-to-Total-Asset Historical Data

The historical data trend for United Oil & Gas'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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United Oil & Gas LT-Debt-to-Total-Asset Chart

United Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.09

United Oil & Gas Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.02	-	0.02	-	-

United Oil & Gas LT-Debt-to-Total-Asset Calculation

United Oil & Gas's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.006	/	27.88
	=	0.00

United Oil & Gas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.006	/	27.698
	=	0.00

United Oil & Gas (LSE:UOG) 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.

United Oil & Gas LT-Debt-to-Total-Asset Related Terms

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United Oil & Gas (LSE:UOG) Business Description

Industry

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

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1UO:Germany

Address

34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA

Website

https://www.uogplc.com

United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue for the company.

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