Echo Energy (LSE:ECHO) Debt-to-Asset : 2.81 (As of Jun. 2023)

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What is Echo Energy Debt-to-Asset?

Echo Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Echo Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £4.23 Mil. Echo Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was £1.51 Mil. Echo Energy's debt to asset for the quarter that ended in Jun. 2023 was 2.81.

Echo Energy Debt-to-Asset Historical Data

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

Echo Energy Annual Data

Trend

Sep12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.64

0.68

1.52

2.05

0.27

Echo Energy Semi-Annual Data
	Mar13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	Get a 7-Day Free Trial															1.61	2.05	1.79	0.27	2.81

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

For the Oil & Gas Integrated subindustry, Echo 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.

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

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

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

Echo Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Echo Energy's Debt-to-Asset for the fiscal year that ended in Dec. 2022 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	+	4.485)	/	16.949
	=	0.26

Echo Energy's Debt-to-Asset for the quarter that ended in Jun. 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	+	4.23)	/	1.506
	=	2.81

Echo Energy (LSE:ECHO) 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.

Echo Energy Debt-to-Asset Related Terms

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Echo Energy (LSE:ECHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Echo Energy PLC (LSE:ECHO) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

A3Z1:Germany A3Z1:Germany

Address

85 Great Portland Street, First Floor, London, GBR, W1W 7LT

Website

https://www.echoenergyplc.com

Echo Energy PLC is the holding company for a group of companies engaged in the exploration, appraisal, and development of oil and natural gas producing assets. It focuses on the development of assets in the Central and Southern American geographies.