Surge Energy (Surge Energy) Debt-to-Asset : 0.20 (As of Sep. 2023)

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What is Surge Energy Debt-to-Asset?

Surge Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $50.2 Mil. Surge Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $172.2 Mil. Surge Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $1,107.7 Mil. Surge Energy's debt to asset for the quarter that ended in Sep. 2023 was 0.20.

Surge Energy Debt-to-Asset Historical Data

The historical data trend for Surge Energy'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.

* Premium members only.

Surge Energy Debt-to-Asset Chart

Surge Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.29

0.30

0.57

0.26

0.22

Surge Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial															0.23	0.22	0.22	0.21	0.20

Competitive Comparison of Surge Energy's Debt-to-Asset

For the Oil & Gas E&P subindustry, Surge Energy'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.

Surge Energy's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

Surge Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Surge Energy's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23.011	+	233.094)	/	1141.021
	=	0.22

Surge Energy's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(50.183	+	172.151)	/	1107.744
	=	0.20

Surge Energy (OTCPK:ZPTAF) 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.

Surge Energy Debt-to-Asset Related Terms

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Surge Energy (Surge Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

41Z0:Germany SGY:Canada

Address

520 - 3rd Avenue SW, Centennial Place - East Tower, Suite 1200, Calgary, AB, CAN, T2P 0R3

Website

https://www.surgeenergy.ca

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.

Surge Energy (Surge Energy) Headlines

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