CRLFF (Cardinal Energy) Debt-to-Asset : 0.07 (As of Dec. 2024)

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What is Cardinal Energy Debt-to-Asset?

Cardinal Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1.2 Mil. Cardinal Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $62.2 Mil. Cardinal Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $910.4 Mil. Cardinal Energy's debt to asset for the quarter that ended in Dec. 2024 was 0.07.

Cardinal Energy Debt-to-Asset Historical Data

The historical data trend for Cardinal 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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Cardinal Energy Debt-to-Asset Chart

Cardinal Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.32

0.15

0.03

0.04

0.07

Cardinal 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															0.04	0.08	0.07	0.06	0.07

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

For the Oil & Gas E&P subindustry, Cardinal 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.

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

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

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

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Cardinal Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cardinal 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
	=	(1.201	+	62.188)	/	910.35
	=	0.07

Cardinal 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
	=	(1.201	+	62.188)	/	910.35
	=	0.07

Cardinal Energy (OTCPK:CRLFF) 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.

Cardinal Energy Debt-to-Asset Related Terms

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Cardinal Energy Business Description

Industry

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

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C0Y:Germany CJ:Canada

Address

400 - 3rd Avenue SW, Suite 600, Calgary, AB, CAN, T2P 4H2

Website

https://www.cardinalenergy.ca

Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan. The company generates majority of its revenue from Crude oil sales by product.