SNGN Romgaz (LSE:SNGR) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2023)

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What is SNGN Romgaz 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. SNGN Romgaz's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.06.

SNGN Romgaz's long-term debt to total assets ratio declined from Sep. 2022 (0.09) to Sep. 2023 (0.06). It may suggest that SNGN Romgaz is progressively becoming less dependent on debt to grow their business.

SNGN Romgaz LT-Debt-to-Total-Asset Historical Data

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

SNGN Romgaz Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.08

SNGN Romgaz Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.08	0.07	0.06	0.06

SNGN Romgaz LT-Debt-to-Total-Asset Calculation

SNGN Romgaz's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	247.966	/	3135.723
	=	0.08

SNGN Romgaz's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	196.209	/	3319.914
	=	0.06

SNGN Romgaz (LSE:SNGR) 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.

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SNGN Romgaz (LSE:SNGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SNGN Romgaz SA (LSE:SNGR) » Definitions » LT-Debt-to-Total-Asset

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SNG:Romania RZ8G:Germany

Address

4 Constantin I. Motas Square, Sibiu County, Medias, ROU, 551130

Website

https://www.romgaz.ro

SNGN Romgaz SA acts as a natural gas producer and the main supplier in Romania. It holds interests in nearly 8 onshore exploration blocks located across Transylvania, Moldova, Oltenia, and Muntenia basins. The company operates through seven segments: Natural gas exploration & production, UGS activity, Natural gas supply, Special operations & services, Maintenance & transportation services, Electricity generation & supply, and Natural gas supply.

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