Gordon Creek Energy (FRA:M2Y1) LT-Debt-to-Total-Asset : 0.18 (As of Oct. 2015)

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What is Gordon Creek 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. Gordon Creek Energy's long-term debt to total assests ratio for the quarter that ended in Oct. 2015 was 0.18.

Gordon Creek Energy's long-term debt to total assets ratio increased from Oct. 2014 (0.00) to Oct. 2015 (0.18). It may suggest that Gordon Creek Energy is progressively becoming more dependent on debt to grow their business.

Gordon Creek Energy LT-Debt-to-Total-Asset Historical Data

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

Gordon Creek Energy Annual Data

Trend

Jan06

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Jan12

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Jan15

LT-Debt-to-Total-Asset

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0.66

0.35

Gordon Creek Energy Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.17	0.18

Gordon Creek Energy LT-Debt-to-Total-Asset Calculation

Gordon Creek Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2015 is calculated as

LT Debt to Total Assets (A: Jan. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2015 )	/	Total Assets (A: Jan. 2015 )
	=	0	/	19.936
	=	0.00

Gordon Creek Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2015 is calculated as

LT Debt to Total Assets (Q: Oct. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2015 )	/	Total Assets (Q: Oct. 2015 )
	=	3.048	/	17.206
	=	0.18

Gordon Creek Energy (FRA:M2Y1) 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.

Gordon Creek Energy LT-Debt-to-Total-Asset Related Terms

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Gordon Creek Energy (FRA:M2Y1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gordon Creek Energy Inc (FRA:M2Y1) » Definitions » LT-Debt-to-Total-Asset

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Address

734, 7th Avenue South West, Suite 1350, Calgary, AB, CAN, T2P 3P8

Website

http://www.gordoncreekenergy.com

Gordon Creek Energy Inc is engaged in the acquisition, exploration, development, and production of oil and natural gas properties located in the United States of America. Its projects include Gordon Creek Property; and Weston County.

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