Amplify Energy (Amplify Energy) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Amplify 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. Amplify Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Amplify Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.43) to Dec. 2023 (0.16). It may suggest that Amplify Energy is progressively becoming less dependent on debt to grow their business.

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

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

Amplify Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.68

0.51

0.43

0.16

Amplify 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															0.43	0.18	0.18	0.18	0.16

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

Amplify 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 )
	=	120.09	/	737.674
	=	0.16

Amplify 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 )
	=	120.09	/	737.674
	=	0.16

Amplify Energy (NYSE:AMPY) 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.

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

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Amplify Energy (Amplify Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Amplify Energy Corp (NYSE:AMPY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

2OQ:Germany 2OQ:Germany

Address

500 Dallas Street, Suite 1700, Houston, TX, USA, 77002

Website

https://www.amplifyenergy.com

Amplify Energy Corp is an independent oil and natural gas company engaged in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's oil and natural gas properties are located in large, mature oil and natural gas reservoirs. The company assets consist of producing oil and natural gas properties located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.

Executives

Eric Edward Dulany	officer: See Remarks	C/O AMPLIFY ENERGY, 500 DALLAS STREET, SUITE 1700, HOUSTON TX 77002
James Frew	officer: SVP, CHIEF FINANCIAL OFFICER	500 DALLAS STREET, SUITE 2700, HOUSTON TX 77002
Daniel Furbee	officer: SVP, CHIEF OPERATING OFFICER	500 DALLAS STREET, SUITE 1700, HOUSTON TX 77002
Vidisha Prasad	director	C/O CENTENNIAL RESOURCE DEVELOPMENT, INC, 1001 17TH STREET, SUITE 1800, DENVER CO 80202
Deborah G Adams	director	FULBRIGHT TOWER, 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Todd R Snyder	director	1251 AVENUE OF THE AMERICAS, 51ST FLOOR, NY NY 10020
Patrice D Douglas	director	1712 CROSSBOW, EDMOND OK 73034
Martyn Willsher	officer: SVP, CFO	500 DALLAS STREET, SUITE 1700, HOUSTON TX 77002
Christopher W. Hamm	director	500 DALLAS STREET, SUITE 1700, HOUSTON TX 77002
James E Craddock	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Eric T. Greager	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Evan S. Lederman	director	C/O FIR TREE PARTNERS, 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
David Proman	director	C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Richard Smiley	officer: Senior V.P. Operations	500 DALLAS STREET, SUITE 1800, HOUSTON TX 77002
Anthony William Lopez	officer: See Remarks	500 DALLAS STREET, SUITE 1700, HOUSTON TX 77002