Serica Energy (LSE:SQZ) LT-Debt-to-Total-Asset : 0.17 (As of Dec. 2023)

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What is Serica 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. Serica Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.17.

Serica Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.17). It may suggest that Serica Energy is progressively becoming more dependent on debt to grow their business.

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

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

Serica Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

Serica Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	0.14	0.17

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

Serica 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 )
	=	213.035	/	1238.063
	=	0.17

Serica 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 )
	=	213.035	/	1238.063
	=	0.17

Serica Energy (LSE:SQZ) 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.

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

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Serica Energy (LSE:SQZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Serica Energy PLC (LSE:SQZ) » Definitions » LT-Debt-to-Total-Asset

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SQZZF:USA SQZ.GB:UK A3P:Germany

Address

48 George Street, London, GBR, W1U 7DY

Website

https://www.serica-energy.com

Serica Energy PLC is an independent upstream oil and gas company with operations centered on the UK North Sea with a range of exploration and production assets. The company operates the Bruce, Keith, and Rhum fields in the UK Northern North Sea. It also operates the Columbus Field, Triton FPSO, and the Mansell field as well as holding an interest in the Erskine field in the Central North Sea.

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