Permex Petroleum (XCNQ:OIL) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2023)

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What is Permex Petroleum 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. Permex Petroleum's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.01.

Permex Petroleum's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.01). It may suggest that Permex Petroleum is progressively becoming more dependent on debt to grow their business.

Permex Petroleum LT-Debt-to-Total-Asset Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum LT-Debt-to-Total-Asset Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

LT-Debt-to-Total-Asset

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0.02

0.01

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

Permex Petroleum LT-Debt-to-Total-Asset Calculation

Permex Petroleum's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (A: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2022 )	/	Total Assets (A: Sep. 2022 )
	=	0.188	/	16.764
	=	0.01

Permex Petroleum's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0.129	/	15.515
	=	0.01

Permex Petroleum (XCNQ:OIL) 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.

Permex Petroleum LT-Debt-to-Total-Asset Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer