Suncor Energy (Suncor Energy) Debt-to-Asset : 0.17 (As of Dec. 2023)

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What is Suncor Energy Debt-to-Asset?

Suncor Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $628 Mil. Suncor Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10,856 Mil. Suncor Energy's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $65,995 Mil. Suncor Energy's debt to asset for the quarter that ended in Dec. 2023 was 0.17.

Suncor Energy Debt-to-Asset Historical Data

The historical data trend for Suncor 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.

Suncor Energy Debt-to-Asset Chart

Suncor Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.20

0.26

0.22

0.19

0.17

Suncor 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															0.19	0.20	0.20	0.18	0.17

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

For the Oil & Gas Integrated subindustry, Suncor 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.

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

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

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

Suncor Energy Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Suncor 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
	=	(627.609	+	10856.44)	/	65995.081
	=	0.17

Suncor 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
	=	(627.609	+	10856.44)	/	65995.081
	=	0.17

Suncor Energy (NYSE:SU) 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.

Suncor Energy Debt-to-Asset Related Terms

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Suncor Energy (Suncor Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suncor Energy Inc (NYSE:SU) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

SUU:Mexico SM3:Germany SU:Canada

Address

150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3

Website

https://www.suncor.com

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.