VAALCO Energy (VAALCO Energy) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is VAALCO 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. VAALCO Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

VAALCO Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.09) to Dec. 2023 (0.10). It may suggest that VAALCO Energy is progressively becoming more dependent on debt to grow their business.

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

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

VAALCO Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.07

0.09

0.10

VAALCO Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.10	0.10	0.09	0.10

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

VAALCO 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 )
	=	78.326	/	823.216
	=	0.10

VAALCO Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	78.326	/	823.216
	=	0.10

VAALCO Energy (NYSE:EGY) 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.

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

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VAALCO Energy (VAALCO Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » VAALCO Energy Inc (NYSE:EGY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EGY:UK VAW:Germany VAW:Germany

Address

9800 Richmond Avenue, Suite 700, Houston, TX, USA, 77042

Website

https://www.vaalco.com

VAALCO Energy Inc is an independent energy company operating in the United States. It is principally engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates through geographical segments namely Gabon, Egypt, Canada, Equatorial Guinea and Corporate and Other. The company generates maximum revenue from the Gabon segment.

Executives

Andrew Lawrence Fawthrop	director	9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Maxwell George W.m.	director, officer: Chief Executive Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Ronald Y Bain	officer: Chief Financial Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Catherine L Stubbs	director	522 HUNTERS PARK, HOUSTON TX 77024
Edward David Lafehr	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Thor Pruckl	officer: Chief Operating Officer	9800 RICHMOND AVE STE 700, HOUSTON TX 77042-4685
Matthew R Powers	officer: EVP, Gen. Counsel & Corp. Sect	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Timothy Robertson Marchant	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Bruce Cook	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Fabrice Nze-bekale	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Bradley Louis Radoff	10 percent owner, other: See Explanation of Responses	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Jason Doornik	officer: CAO & Controller	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Desautels	officer: Vice President	9800 RICHMOND AVENUE, STE 700, HOUSTON TX 77042
William R Thomas	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Cary M Bounds	officer: Chief Operating Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042