Gear Energy (FRA:0GY) Debt-to-Asset : 0.07 (As of Mar. 2024)

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What is Gear Energy Debt-to-Asset?

Gear Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil. Gear Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €15.1 Mil. Gear Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €229.8 Mil. Gear Energy's debt to asset for the quarter that ended in Mar. 2024 was 0.07.

Gear Energy Debt-to-Asset Historical Data

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

Gear Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.21

0.24

0.08

0.02

0.06

Gear Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.06	0.06	0.06	0.06	0.07

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

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

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

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

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

Gear Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Gear Energy'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
	=	(0	+	14.46)	/	231.591
	=	0.06

Gear Energy's Debt-to-Asset for the quarter that ended in Mar. 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	+	15.066)	/	229.846
	=	0.07

Gear Energy (FRA:0GY) 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.

Gear Energy Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Gear Energy's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Gear Energy (FRA:0GY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gear Energy Ltd (FRA:0GY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

GENGF:USA 0GY:Germany GXE:Canada

Address

205 - 5th Avenue S.W., Suite 800, Bow Valley Square II, Calgary, AB, CAN, T2P 2V7

Website

https://www.gearenergy.com

Gear Energy Ltd is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company's oil-focused operations are located in three core areas; Lloydminster Heavy Oil, Western Alberta Light/Medium Oil, and Southeast Saskatchewan Light Oil.

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