Ranger Oil (Ranger Oil) Debt-to-Asset : 0.31 (As of Mar. 2023)

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What is Ranger Oil Debt-to-Asset?

Ranger Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $11.0 Mil. Ranger Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $632.9 Mil. Ranger Oil's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2023 was $2,086.6 Mil. Ranger Oil's debt to asset for the quarter that ended in Mar. 2023 was 0.31.

Ranger Oil Debt-to-Asset Historical Data

The historical data trend for Ranger Oil'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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Ranger Oil Debt-to-Asset Chart

Ranger Oil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.48

0.46

0.56

0.39

0.30

Ranger Oil Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Asset	Get a 7-Day Free Trial															0.32	0.31	0.31	0.30	0.31

Competitive Comparison of Ranger Oil's Debt-to-Asset

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

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

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

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

Ranger Oil Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ranger Oil's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.907	+	604.277)	/	2014.207
	=	0.30

Ranger Oil's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(11.043	+	632.853)	/	2086.632
	=	0.31

Ranger Oil (OTCPK:PVAHQ) 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.

Ranger Oil Debt-to-Asset Related Terms

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Ranger Oil (Ranger Oil) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16285 Park Ten Place, Suite 500, Houston, TX, USA, 77084

Website

https://www.rangeroil.com

Ranger Oil Corp is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas.