Obsidian Energy (Obsidian Energy) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Obsidian 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. Obsidian Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Obsidian Energy's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.12). It may suggest that Obsidian Energy is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Obsidian 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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Obsidian Energy LT-Debt-to-Total-Asset Chart

Obsidian Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.01

0.10

Obsidian Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.11	0.10	0.12

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

Obsidian 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 )
	=	167.039	/	1677.4
	=	0.10

Obsidian Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	209.368	/	1710.55
	=	0.12

Obsidian Energy (AMEX:OBE) 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.

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

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Obsidian Energy (Obsidian Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

P13A:Germany P13A:Germany OBE:Canada

Address

207 - 9th Avenue SW, Suite 200, Calgary, AB, CAN, T2P 1K3

Website

https://www.obsidianenergy.com

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.

Executives

Cheuk Fund Ho

other: Financial Investor (9.83%)

2906 CHINA RESOURCES BUILDING, WANCHAI K3 00000