Arrow Exploration (TSXV:AXL) Debt-to-Asset : 0.01 (As of Mar. 2024)

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What is Arrow Exploration Debt-to-Asset?

Arrow Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.15 Mil. Arrow Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.26 Mil. Arrow Exploration's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$87.42 Mil. Arrow Exploration's debt to asset for the quarter that ended in Mar. 2024 was 0.00.

Arrow Exploration Debt-to-Asset Historical Data

The historical data trend for Arrow Exploration'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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Arrow Exploration Debt-to-Asset Chart

Arrow Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.08

0.18

0.08

0.04

0.01

Arrow Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.04	-	0.01	0.01	0.01

Competitive Comparison of Arrow Exploration's Debt-to-Asset

For the Oil & Gas E&P subindustry, Arrow Exploration'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.

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

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

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

Arrow Exploration Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Arrow Exploration'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
	=	(0.14	+	0.291)	/	83.548
	=	0.01

Arrow Exploration's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(0.148	+	0.261)	/	87.415
	=	0.00

Arrow Exploration (TSXV:AXL) 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.

Arrow Exploration Debt-to-Asset Related Terms

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Arrow Exploration (TSXV:AXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arrow Exploration Corp (TSXV:AXL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

CSTPF:USA AXL:UK

Address

333 - 11th Avenue SW, 1430, Calgary, CAN, T2R 1L9

Website

https://www.arrowexploration.ca

Arrow Exploration Corp is engaged in oil exploration, development and production, and the acquisition of oil and gas properties. It operates in Colombia and Western Canada. Some of the company's assets are Tapir Block and Santa Isabel. The Canada segment of the company is referred to as Corporate Segment. The company's revenues are majorly derived from Oil Sales.

Executives

Canacol Energy Ltd.

10% Security Holder