Providence Resources (Providence Resources) LT-Debt-to-Total-Asset : 10.69 (As of Dec. 2012)

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What is Providence Resources 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. Providence Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2012 was 10.69.

Providence Resources's long-term debt to total assets ratio increased from Dec. 2010 (1.09) to Dec. 2012 (10.69). It may suggest that Providence Resources is progressively becoming more dependent on debt to grow their business.

Providence Resources LT-Debt-to-Total-Asset Historical Data

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

Providence Resources Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

LT-Debt-to-Total-Asset

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0.47

0.13

1.09

10.88

10.69

Providence Resources Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.47	0.13	1.09	10.88	10.69

Providence Resources LT-Debt-to-Total-Asset Calculation

Providence Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2012 is calculated as

LT Debt to Total Assets (A: Dec. 2012 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2012 )	/	Total Assets (A: Dec. 2012 )
	=	11.27	/	1.054
	=

Providence Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2012 is calculated as

LT Debt to Total Assets (Q: Dec. 2012 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2012 )	/	Total Assets (Q: Dec. 2012 )
	=	11.27	/	1.054
	=

Providence Resources (OTCPK:PVRS) 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.

Providence Resources LT-Debt-to-Total-Asset Related Terms

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Providence Resources (Providence Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Providence Resources Inc (OTCPK:PVRS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Yongfeng Street, Liangzhou District, Gansu Province, Wuwei, CHN, 621101

Website

https://www.providenceresources.com

Providence Resources Inc is a shell company.

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