ROK Resources (ROK Resources) Debt-to-Asset : 0.09 (As of Dec. 2023)

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What is ROK Resources Debt-to-Asset?

ROK Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.08 Mil. ROK Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.76 Mil. ROK Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $123.04 Mil. ROK Resources's debt to asset for the quarter that ended in Dec. 2023 was 0.09.

ROK Resources Debt-to-Asset Historical Data

The historical data trend for ROK Resources's Debt-to-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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ROK Resources Debt-to-Asset Chart

ROK Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.36

0.19

0.09

ROK Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.19	0.11	0.09	0.08	0.09

Competitive Comparison of ROK Resources's Debt-to-Asset

For the Oil & Gas E&P subindustry, ROK Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ROK Resources's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ROK Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where ROK Resources's Debt-to-Asset falls into.

ROK Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ROK Resources's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.075	+	10.763)	/	123.037
	=	0.09

ROK Resources's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.075	+	10.763)	/	123.037
	=	0.09

ROK Resources (OTCPK:ROKRF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

ROK Resources Debt-to-Asset Related Terms

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ROK Resources (ROK Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ROK Resources Inc (OTCPK:ROKRF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

8P2N:Germany ROK:Canada

Address

250 - 5th Street SW, Suite 750, Calgary, AB, CAN, T2P 0R4

Website

https://www.rokresources.ca

ROK Resources Inc is an oil and natural gas exploration company. The company is engaged in petroleum and natural gas exploration and development activities in Western Canada.