Renergen (ASX:RLT) Debt-to-Asset : 0.57 (As of Aug. 2023)

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What is Renergen Debt-to-Asset?

Renergen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was A$37.70 Mil. Renergen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was A$64.85 Mil. Renergen's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Aug. 2023 was A$179.52 Mil. Renergen's debt to asset for the quarter that ended in Aug. 2023 was 0.57.

Renergen Debt-to-Asset Historical Data

The historical data trend for Renergen'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.

Renergen Debt-to-Asset Chart

Renergen Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Asset

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0.18

0.57

0.69

0.71

0.48

Renergen Semi-Annual Data
	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Debt-to-Asset	Get a 7-Day Free Trial										0.61	0.71	0.56	0.48	0.57

Competitive Comparison of Renergen's Debt-to-Asset

For the Oil & Gas E&P subindustry, Renergen'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.

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

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

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

Renergen Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Renergen's Debt-to-Asset for the fiscal year that ended in Feb. 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
	=	(8.56	+	65.446)	/	154.031
	=	0.48

Renergen's Debt-to-Asset for the quarter that ended in Aug. 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
	=	(37.699	+	64.847)	/	179.517
	=	0.57

Renergen (ASX:RLT) 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.

Renergen Debt-to-Asset Related Terms

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Renergen (ASX:RLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Renergen Ltd (ASX:RLT) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

REN:South Africa RGNTF:USA RGNNF:USA 9960:Germany

Address

1 Bompas Road, First Floor, Dunkeld West, Johannesburg, ZAF, 2196

Website

https://www.renergen.co.za

Renergen Ltd is an investment holding company focused on the alternative and renewable energy sectors in South Africa and sub-Saharan Africa. It has two reportable segments namely Corporate Head office where all investment decisions are made; and Tetra4 Proprietary Ltd which explores, develops, and sells compressed natural gas to the South African market.

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