FLME.U (Flame Acquisition) Debt-to-Asset : 0.55 (As of Sep. 2024)

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What is Flame Acquisition Debt-to-Asset?

Flame Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Flame Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $814.42 Mil. Flame Acquisition's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $1,473.13 Mil. Flame Acquisition's debt to asset for the quarter that ended in Sep. 2024 was 0.55.

Flame Acquisition Debt-to-Asset Historical Data

The historical data trend for Flame Acquisition'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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Flame Acquisition Debt-to-Asset Chart

Flame Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.15

0.01

0.12

Flame Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial											0.06	0.12	0.60	0.64	0.55

Competitive Comparison of Flame Acquisition's Debt-to-Asset

For the Oil & Gas Drilling subindustry, Flame Acquisition'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.

Flame Acquisition's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

Flame Acquisition Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Flame Acquisition's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(7.51	+	0)	/	63.923
	=	0.12

Flame Acquisition's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0	+	814.421)	/	1473.134
	=	0.55

Flame Acquisition (NYSE:FLME.U) 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.

Flame Acquisition Debt-to-Asset Related Terms

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Flame Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flame Acquisition Corp (NYSE:FLME.U) » Definitions » Debt-to-Asset

Comparable Companies

GAQ LCW BCSA VCXB EVE SUAC VAQC CHEA HCMA ACRO PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA

Traded in Other Exchanges

SOC:USA

Address

845 Texas Avenue, Suite 2900, Houston, TX, USA, 77002

Website

https://www.sableoffshore.com

Sable Offshore Corp is a Houston-based independent upstream company focused on responsibly developing the prolific Santa Ynez Unit in federal waters offshore California.

Executives

Global Icav Pilgrim	10 percent owner	21-23 CITY QUAY, RIVERVIEW HOUSE, DUBLIN L2 D2
Pilgrim Global Advisors Llc	10 percent owner	4785 CAUGHLIN PARKWAY, RENO NV 89519
Darren Maupin	10 percent owner	C/O PILGRIM GLOBAL ADVISORS LLC, 4785 CAUGHLIN PARKWAY, RENO NV 89519
James C Flores	director, 10 percent owner, officer: CEO & President	P.O. BOX 1083, HOUSTON TX 77251
Christopher Binyon Sarofim	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Gregory Phillip Pipkin	director	11227 SMITHDALE ROAD, HOUSTON TX 77024
Flame Acquisition Sponsor Llc	10 percent owner	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Gregory D. Patrinely	officer: CFO & Secretary	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Michael E. Dillard	director	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002