Galenfeha (Galenfeha) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2018)

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What is Galenfeha 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. Galenfeha's long-term debt to total assests ratio for the quarter that ended in Dec. 2018 was 0.13.

Galenfeha's long-term debt to total assets ratio declined from Dec. 2017 (0.34) to Dec. 2018 (0.13). It may suggest that Galenfeha is progressively becoming less dependent on debt to grow their business.

Galenfeha LT-Debt-to-Total-Asset Historical Data

The historical data trend for Galenfeha'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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Galenfeha LT-Debt-to-Total-Asset Chart

Galenfeha Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

LT-Debt-to-Total-Asset

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0.03

0.34

0.13

Galenfeha Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.34	0.18	0.17	0.12	0.13

Galenfeha LT-Debt-to-Total-Asset Calculation

Galenfeha's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )	/	Total Assets (A: Dec. 2018 )
	=	0.295	/	2.29
	=

Galenfeha's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (Q: Dec. 2018 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2018 )	/	Total Assets (Q: Dec. 2018 )
	=	0.295	/	2.29
	=

Galenfeha (OTCPK:GLFH) 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.

Galenfeha LT-Debt-to-Total-Asset Related Terms

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Galenfeha (Galenfeha) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Galenfeha Inc (OTCPK:GLFH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1421 Oglethorpe Road, West Palm Beach, FL, USA, 33405

Website

https://www.galenfeha.com

Galenfeha Inc is a us based company engaged in the engineering services and alternative power products primarily to natural gas producers and various industries in Texas and Louisiana. In addition, it is also involved in the development of technologies for engineering, manufacturers, and product life cycles; and exploring investments in private and public sectors. Geographically the activities are conducted through the region of us.

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