Enerflex (TSX:EFX) Debt-to-Asset : 0.34 (As of Dec. 2023)

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What is Enerflex Debt-to-Asset?

Enerflex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$78 Mil. Enerflex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,237 Mil. Enerflex's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$3,912 Mil. Enerflex's debt to asset for the quarter that ended in Dec. 2023 was 0.34.

Enerflex Debt-to-Asset Historical Data

The historical data trend for Enerflex'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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Enerflex Debt-to-Asset Chart

Enerflex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.21

0.18

0.35

0.34

Enerflex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.35	0.36	0.36	0.36	0.34

Competitive Comparison of Enerflex's Debt-to-Asset

For the Oil & Gas Equipment & Services subindustry, Enerflex'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.

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

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

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

Enerflex Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Enerflex'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
	=	(78.357	+	1237.273)	/	3911.98
	=	0.34

Enerflex's Debt-to-Asset for the quarter 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
	=	(78.357	+	1237.273)	/	3911.98
	=	0.34

Enerflex (TSX:EFX) 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.

Enerflex Debt-to-Asset Related Terms

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Enerflex (TSX:EFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerflex Ltd (TSX:EFX) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

EFXT:USA 7EX:Germany

Address

1331 MacLeod Trail SE, Suite 904, Calgary, AB, CAN, T2G 0K3

Website

https://www.enerflex.com

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, the Rest of the World, and Canada. Each regional business segment has three main product lines: Engineered Systems, After?market Service, and Energy Infrastructure. The USA segment earns the majority of the revenue.