Virtus Oil & Gas (Virtus Oil & Gas) LT-Debt-to-Total-Asset : 0.00 (As of Feb. 2016)

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What is Virtus Oil & Gas 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. Virtus Oil & Gas's long-term debt to total assests ratio for the quarter that ended in Feb. 2016 was 0.00.

Virtus Oil & Gas's long-term debt to total assets ratio stayed the same from Feb. 2015 (0.00) to Feb. 2016 (0.00).

Virtus Oil & Gas LT-Debt-to-Total-Asset Historical Data

The historical data trend for Virtus Oil & Gas'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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Virtus Oil & Gas LT-Debt-to-Total-Asset Chart

Virtus Oil & Gas Annual Data

Trend

Nov10

Nov11

Nov12

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Nov15

LT-Debt-to-Total-Asset

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Virtus Oil & Gas Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Virtus Oil & Gas LT-Debt-to-Total-Asset Calculation

Virtus Oil & Gas's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Nov. 2015 is calculated as

LT Debt to Total Assets (A: Nov. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: Nov. 2015 )	/	Total Assets (A: Nov. 2015 )
	=	0	/	0.035
	=

Virtus Oil & Gas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2016 is calculated as

LT Debt to Total Assets (Q: Feb. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2016 )	/	Total Assets (Q: Feb. 2016 )
	=	0	/	0.033
	=

Virtus Oil & Gas (GREY:VOIL) 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.

Virtus Oil & Gas LT-Debt-to-Total-Asset Related Terms

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Virtus Oil & Gas (Virtus Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Virtus Oil & Gas Corp (GREY:VOIL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

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