NuVista Energy (TSX:NVA) Debt-to-Asset : 0.10 (As of Sep. 2024)

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What is NuVista Energy Debt-to-Asset?

NuVista Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$7 Mil. NuVista Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$315 Mil. NuVista Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was C$3,340 Mil. NuVista Energy's debt to asset for the quarter that ended in Sep. 2024 was 0.10.

NuVista Energy Debt-to-Asset Historical Data

The historical data trend for NuVista 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.

* Premium members only.

NuVista Energy Debt-to-Asset Chart

NuVista Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.28

0.33

0.23

0.12

0.10

NuVista Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.10	0.10	0.11	0.10	0.10

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

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

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

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

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

NuVista Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NuVista 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
	=	(6.5	+	298.553)	/	3058.053
	=	0.10

NuVista Energy's Debt-to-Asset for the quarter that ended in Sep. 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
	=	(7.215	+	314.609)	/	3339.971
	=	0.10

NuVista Energy (TSX:NVA) 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.

NuVista Energy Debt-to-Asset Related Terms

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NuVista Energy Business Description

Industry

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

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NUVSF:USA NVG:Germany

Address

525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1

Website

https://nvaenergy.com

NuVista Energy Ltd engages in the exploration, delineation, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the portion of hydrocarbon production for NuVista. To improve service assets and production in this area, the firm operates compressor and dehydration stations.

Executives

Kevin Garth Asman	Senior Officer
Jonathan Andrew Wright	Senior Officer
Christopher Mark Alessandro Legrow	Senior Officer
Michael Lawford	Senior Officer
Joshua Thomas Truba	Senior Officer
Ryan Daniel Paulgaard	Senior Officer
Keith A.j. Macphail	Director, Senior Officer
Ivan J. Condic	Senior Officer
Paramount Resources Ltd.	10% Security Holder
Kathy Holzhauser	Director
Ross Lloyd Andreachuk	Senior Officer
Gmt Capital Corp	10% Security Holder
Ronald J.m. Poelzer	Director
Pentti Olavi Karkkainen	Director
Deborah Susan Stein	Director