ROK Resources (ROK Resources) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is ROK 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. ROK Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

ROK Resources's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.09). It may suggest that ROK Resources is progressively becoming more dependent on debt to grow their business.

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

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

ROK Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.07

0.09

ROK Resources 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															0.07	0.08	0.09	0.08	0.09

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

ROK Resources'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 )
	=	10.763	/	123.037
	=	0.09

ROK Resources'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 )
	=	10.763	/	123.037
	=	0.09

ROK Resources (OTCPK:ROKRF) 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.

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

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ROK Resources (ROK Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

8P2N:Germany ROK:Canada

Address

250 - 5th Street SW, Suite 750, Calgary, AB, CAN, T2P 0R4

Website

https://www.rokresources.ca

ROK Resources Inc is an oil and natural gas exploration company. The company is engaged in petroleum and natural gas exploration and development activities in Western Canada.