PrairieSky Royalty (TSX:PSK) Debt-to-Asset : 0.05 (As of Mar. 2024)

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What is PrairieSky Royalty Debt-to-Asset?

PrairieSky Royalty's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$174.6 Mil. PrairieSky Royalty's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.3 Mil. PrairieSky Royalty's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$3,316.2 Mil. PrairieSky Royalty's debt to asset for the quarter that ended in Mar. 2024 was 0.05.

PrairieSky Royalty Debt-to-Asset Historical Data

The historical data trend for PrairieSky Royalty'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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PrairieSky Royalty Debt-to-Asset Chart

PrairieSky Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.02

0.18

0.06

PrairieSky Royalty Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.08	0.07	0.07	0.06	0.05

Competitive Comparison of PrairieSky Royalty's Debt-to-Asset

For the Oil & Gas E&P subindustry, PrairieSky Royalty'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.

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

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

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

PrairieSky Royalty Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PrairieSky Royalty'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
	=	(0.1	+	188)	/	3307.7
	=	0.06

PrairieSky Royalty's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(174.6	+	1.3)	/	3316.2
	=	0.05

PrairieSky Royalty (TSX:PSK) 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.

PrairieSky Royalty Debt-to-Asset Related Terms

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PrairieSky Royalty (TSX:PSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (TSX:PSK) » Definitions » Debt-to-Asset

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PREKF:USA 7PS:Germany

Address

350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9

Website

https://www.prairiesky.com

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

Executives

Leanne M. Bellegarde

Director