Wescan Energy (TSXV:WCE) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Wescan 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. Wescan Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Wescan Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.00). It may suggest that Wescan Energy is progressively becoming less dependent on debt to grow their business.

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

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

Wescan Energy Annual Data

Trend

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Mar23

LT-Debt-to-Total-Asset

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0.01

Wescan 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															0.01	-	-	-	-

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

Wescan Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0	/	7.041
	=	0.00

Wescan 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 )
	=	0	/	6.267
	=	0.00

Wescan Energy (TSXV:WCE) 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.

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

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Wescan Energy (TSXV:WCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wescan Energy Corp (TSXV:WCE) » Definitions » LT-Debt-to-Total-Asset

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GPIPF:USA

Address

520 - 5th Avenue SW, Suite 2500, Calgary, AB, CAN, T2P 3R5

Website

https://www.wescanenergycorp.com

Wescan Energy Corp is in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, U.S.A. It operates in a single reporting segment which is Oil and Gas Exploration and Production.

Executives

Shubham Garg

Director

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