Devin Energy (TSXV:DVC.H) LT-Debt-to-Total-Asset : 63.20 (As of Sep. 2019)

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What is Devin 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. Devin Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2019 was 63.20.

Devin Energy's long-term debt to total assets ratio increased from Sep. 2018 (0.00) to Sep. 2019 (63.20). It may suggest that Devin Energy is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Devin 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.

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

Devin Energy Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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10.36

17.56

Devin Energy Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	17.56	17.56	24.31	63.20

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

Devin Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	0.632	/	0.036
	=

Devin Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2019 is calculated as

LT Debt to Total Assets (Q: Sep. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2019 )	/	Total Assets (Q: Sep. 2019 )
	=	0.632	/	0.01
	=

Devin Energy (TSXV:DVC.H) 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.

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

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Devin Energy (TSXV:DVC.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devin Energy Corp (TSXV:DVC.H) » Definitions » LT-Debt-to-Total-Asset

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Address

201 South Christy, Sumner, IL, USA, 62466

Website

http://www.devonenergy.com

Devin Energy Corp is a Canada based company focused on the acquisition, exploration, and development of oil and gas properties located in the United States. The company has an interest in the Siggins Oil Mining Project-1 located in Cumberland County, Illinois, USA.

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