Desert Peak Minerals (Desert Peak Minerals) Debt-to-Asset : 0.01 (As of Jun. 2021)

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What is Desert Peak Minerals Debt-to-Asset?

Desert Peak Minerals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.00 Mil. Desert Peak Minerals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $9.90 Mil. Desert Peak Minerals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2021 was $909.55 Mil. Desert Peak Minerals's debt to asset for the quarter that ended in Jun. 2021 was 0.01.

Desert Peak Minerals Debt-to-Asset Historical Data

The historical data trend for Desert Peak Minerals'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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Desert Peak Minerals Debt-to-Asset Chart

Desert Peak Minerals Annual Data

Trend

Dec19

Dec20

Debt-to-Asset

0.10

0.06

Desert Peak Minerals Quarterly Data
	Dec19	Dec20	Jun21
Debt-to-Asset	0.10	0.06	0.01

Competitive Comparison of Desert Peak Minerals's Debt-to-Asset

For the Oil & Gas E&P subindustry, Desert Peak Minerals'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.

Desert Peak Minerals's Debt-to-Asset Distribution in the Oil & Gas Industry

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

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

Desert Peak Minerals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Desert Peak Minerals's Debt-to-Asset for the fiscal year that ended in Dec. 2020 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	+	33.5)	/	598.628
	=	0.06

Desert Peak Minerals's Debt-to-Asset for the quarter that ended in Jun. 2021 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	+	9.9)	/	909.548
	=	0.01

Desert Peak Minerals (NYSE:DPM) 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.

Desert Peak Minerals Debt-to-Asset Related Terms

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Desert Peak Minerals (Desert Peak Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Desert Peak Minerals Inc (NYSE:DPM) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.desertpeak.com

Desert Peak Minerals Inc acquires, owns, and manages mineral and royalty interests in the Permian Basin. Its mineral and royalty interests entitle the company to receive a fixed percentage of the revenue from crude oil, natural gas, and NGLs produced from the acreage.