LOGL (Legend Oil & Gas) Accumulated Depreciation: $-0.69 Mil (As of Dec. 2016)

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Director of Data and Quant Analytics at GuruFocus
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What is Legend Oil & Gas Accumulated Depreciation?

Legend Oil & Gas LOGL -90.00% Accumulated Depreciation is $-0.69 Mil as of Dec. 2016.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Legend Oil & Gas's quarterly accumulated depreciation declined from Jun. 2016 ($-0.82 Mil) to Sep. 2016 ($-0.61 Mil) but then increased from Sep. 2016 ($-0.61 Mil) to Dec. 2016 ($-0.69 Mil).

Legend Oil & Gas's annual accumulated depreciation increased from Dec. 2014 ($-0.32 Mil) to Dec. 2015 ($-0.50 Mil) and increased from Dec. 2015 ($-0.50 Mil) to Dec. 2016 ($-0.69 Mil).

Legend Oil & Gas Accumulated Depreciation Related Terms

Legend Oil & Gas Accumulated Depreciation Historical Data

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The historical data trend for Legend Oil & Gas's Accumulated Depreciation 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.

Legend Oil & Gas Accumulated Depreciation Chart

Legend Oil & Gas Annual Data
Trend Dec04 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.54 -0.24 -0.32 -0.50 -0.69

Legend Oil & Gas Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.50 -0.88 -0.82 -0.61 -0.69

Legend Oil & Gas Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $-0.69 Mil mean?
Legend Oil & Gas (LOGL) has a Accumulated Depreciation of $-0.69 Mil as of Dec. 2016. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Legend Oil & Gas and its competitors.
Is Legend Oil & Gas' Accumulated Depreciation too high?
Legend Oil & Gas' current Accumulated Depreciation is $-0.69 Mil.
How does Legend Oil & Gas' Accumulated Depreciation compare to ARSLF and PTRDF?
Legend Oil & Gas' Accumulated Depreciation of $-0.69 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for an Oil & Gas company?
A good Accumulated Depreciation depends on the Oil & Gas industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Legend Oil & Gas and its competitors. Legend Oil & Gas's current Accumulated Depreciation is $-0.69 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legend Oil & Gas stock overvalued right now?
Legend Oil & Gas (LOGL) has a current Accumulated Depreciation of $-0.69 Mil. The current Accumulated Depreciation is $-0.69 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Accumulated Depreciation is $-0.69 Mil as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Legend Oil & Gas Business Description

Industry EnergyOil & Gas
Address 555 North Point Center East, Suite 400, Alpharetta, GA, USA, 30022
Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. Its focus is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment is oil and gas.