PRMRF (Paramount Resources) Debt-to-Asset : 0.04 (As of Dec. 2024)

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What is Paramount Resources Debt-to-Asset?

Paramount Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $3 Mil. Paramount Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $139 Mil. Paramount Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $3,339 Mil. Paramount Resources's debt to asset for the quarter that ended in Dec. 2024 was 0.04.

Paramount Resources Debt-to-Asset Historical Data

The historical data trend for Paramount Resources'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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Paramount Resources Debt-to-Asset Chart

Paramount Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.24

0.10

0.04

0.01

0.04

Paramount Resources 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															0.01	0.01	0.01	0.02	0.04

Competitive Comparison of Paramount Resources's Debt-to-Asset

For the Oil & Gas E&P subindustry, Paramount Resources'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.

Paramount Resources's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

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Paramount Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Paramount Resources'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
	=	(2.527	+	139.187)	/	3339.3
	=	0.04

Paramount Resources'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
	=	(2.527	+	139.187)	/	3339.3
	=	0.04

Paramount Resources (OTCPK:PRMRF) 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.

Paramount Resources Debt-to-Asset Related Terms

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Paramount Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PQ51:Germany POU:Canada

Address

888 - 3rd Street SW, Suite 4700, Calgary, AB, CAN, T2P 5C5

Website

https://www.paramountres.com

Paramount Resources Ltd is a Canadian energy company that explores and develops both conventional and unconventional petroleum and natural gas. The company explores for and develops both conventional and unconventional petroleum and natural gas, including longer-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. Its primary focus in the Grande Prairie Region is its Karr and Wapiti Montney properties. Kaybob Region includes the Kaybob North Duvernay development and other natural gas and oil-producing properties. The Central Alberta and Other Region includes the Willesden Green Duvernay development in central Alberta and shale gas properties in the Horn River Basin and Liard Basin in northeast British Columbia.