CNNEF (Canacol Energy) Debt-to-Asset : 0.60 (As of Dec. 2024)

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What is Canacol Energy Debt-to-Asset?

Canacol Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $17.0 Mil. Canacol Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $711.3 Mil. Canacol Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $1,215.8 Mil. Canacol Energy's debt to asset for the quarter that ended in Dec. 2024 was 0.60.

Canacol Energy Debt-to-Asset Historical Data

The historical data trend for Canacol Energy's Debt-to-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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Canacol Energy Debt-to-Asset Chart

Canacol Energy Annual Data

Trend

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.52

0.61

0.51

0.55

0.60

Canacol Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.55	0.56	0.57	0.59	0.60

Competitive Comparison of Canacol Energy's Debt-to-Asset

For the Oil & Gas E&P subindustry, Canacol Energy's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canacol Energy's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Canacol Energy's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Canacol Energy's Debt-to-Asset falls into.

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Canacol Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Canacol Energy's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(16.979	+	711.262)	/	1215.777
	=	0.60

Canacol Energy's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(16.979	+	711.262)	/	1215.777
	=	0.60

Canacol Energy (OTCPK:CNNEF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Canacol Energy Debt-to-Asset Related Terms

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Canacol Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canacol Energy Ltd (OTCPK:CNNEF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

3B6:Germany CNEC:Colombia CNE:Canada

Address

215 - 9 Avenue SW, Suite 2000, Calgary, AB, CAN, T2P 1K3

Website

https://www.canacolenergy.com

Canacol Energy Ltd is a natural gas and oil exploration and production company. The company operates in the Lower and Middle Magdalena Basins of Colombia.