LOGL (Legend Oil & Gas) Debt-to-Asset : 2.44 (As of Dec. 2016)

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What is Legend Oil & Gas Debt-to-Asset?

Legend Oil & Gas LOGL -90.00% Debt-to-Asset is 2.44 as of Dec. 2016.

Legend Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $0.70 Mil. Legend Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $8.38 Mil. Legend Oil & Gas's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2016 was $3.72 Mil. Legend Oil & Gas's debt to asset for the quarter that ended in Dec. 2016 was 2.44.

Legend Oil & Gas  (OTCPK:LOGL) 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.

Legend Oil & Gas Debt-to-Asset Related Terms

Legend Oil & Gas Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Legend Oil & Gas'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.

Legend Oil & Gas Debt-to-Asset Chart

Legend Oil & Gas Annual Data
Trend Dec04 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.15 1.32 0.79 2.44

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
Debt-to-Asset 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 0.79 1.00 1.25 1.74 2.44

LOGL vs ARSLF, PTRDF, DBRM: Debt-to-Asset Comparison

For the Oil & Gas Midstream subindustry, Legend Oil & Gas'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.

Legend Oil & Gas Debt-to-Asset vs Oil & Gas Industry

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

* The bar in red indicates where Legend Oil & Gas's Debt-to-Asset falls into.


Legend Oil & Gas Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Legend Oil & Gas's Debt-to-Asset for the fiscal year that ended in Dec. 2016 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.695 + 8.384) / 3.723
=2.44

Legend Oil & Gas's Debt-to-Asset for the quarter that ended in Dec. 2016 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.695 + 8.384) / 3.723
=2.44

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 2.44 mean?
Legend Oil & Gas (LOGL) has a Debt-to-Asset of 2.44 as of Dec. 2016. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Legend Oil & Gas and its competitors.
Is Legend Oil & Gas' Debt-to-Asset too high?
Legend Oil & Gas' current Debt-to-Asset is 2.44.
How does Legend Oil & Gas' Debt-to-Asset compare to ARSLF and PTRDF?
Legend Oil & Gas' Debt-to-Asset of 2.44 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 Debt-to-Asset for an Oil & Gas company?
A good Debt-to-Asset depends on the Oil & Gas industry context. However, Debt-to-Asset 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 Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Legend Oil & Gas and its competitors. Legend Oil & Gas's current Debt-to-Asset is 2.44. 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 Debt-to-Asset of 2.44. The current Debt-to-Asset is 2.44. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Debt-to-Asset is 2.44 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.