G2 Energy (XCNQ:GTOO) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is G2 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. G2 Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

G2 Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.53) to Dec. 2023 (0.08). It may suggest that G2 Energy is progressively becoming less dependent on debt to grow their business.

G2 Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for G2 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.

* Premium members only.

G2 Energy LT-Debt-to-Total-Asset Chart

G2 Energy Annual Data

Trend

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.15

5.25

0.12

0.49

0.10

G2 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															0.53	0.51	0.10	0.10	0.08

G2 Energy LT-Debt-to-Total-Asset Calculation

G2 Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.781	/	7.697
	=	0.10

G2 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 )
	=	0.614	/	7.368
	=	0.08

G2 Energy (XCNQ:GTOO) 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.

G2 Energy LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of G2 Energy's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

G2 Energy (XCNQ:GTOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » G2 Energy Corp (XCNQ:GTOO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GTGEF:USA B4O:Germany

Address

West Hastings Street, Unit 430 - 744, Vancouver, BC, CAN, V6C 1A5

Website

https://www.g2.energy

G2 Energy Corp is a company focused on acquiring and developing overlooked, low-risk, high-return opportunities in the oil and gas sector. The company is seeking opportunities to acquire a portfolio of risk-managed production and development in the USA. G2 is also pursuing production acquisition opportunities with operating netbacks and infrastructure facilities to fast-track future production growth.

Executives

John Costigan

Director

G2 Energy (XCNQ:GTOO) Headlines

No Headlines