XXL Energy (XXL Energy) Debt-to-Asset : 7.09 (As of Dec. 2023)

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What is XXL Energy Debt-to-Asset?

XXL Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $40.35 Mil. XXL Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.26 Mil. XXL Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $5.73 Mil. XXL Energy's debt to asset for the quarter that ended in Dec. 2023 was 7.09.

XXL Energy Debt-to-Asset Historical Data

The historical data trend for XXL 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.

XXL Energy Debt-to-Asset Chart

XXL Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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2.58

6.95

6.79

5.41

7.09

XXL Energy 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															5.41	5.05	6.67	6.95	7.09

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

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

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

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

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

XXL Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

XXL 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
	=	(40.35	+	0.262)	/	5.725
	=	7.09

XXL Energy'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
	=	(40.35	+	0.262)	/	5.725
	=	7.09

XXL Energy (OTCPK:XLEFF) 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.

XXL Energy Debt-to-Asset Related Terms

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XXL Energy (XXL Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » XXL Energy Corp (OTCPK:XLEFF) » Definitions » Debt-to-Asset

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XL:Canada

Address

Granville Park, RPO Box 60610, Vancouver, BC, CAN, V6H 4B9

Website

http://www.xxlenergy.com

XXL Energy Corp is a petroleum and natural gas entity engaged in the acquisition, exploration and development of petroleum and natural gas properties located in the United States of America.

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