LOGL (Legend Oil & Gas) Liabilities-to-Assets : 2.73 (As of Dec. 2016)

What is Legend Oil & Gas Liabilities-to-Assets?

Legend Oil & Gas LOGL -90.00% Liabilities-to-Assets is 2.73 as of Dec. 2016.

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Legend Oil & Gas's Total Liabilities for the quarter that ended in Dec. 2016 was $10.16 Mil. Legend Oil & Gas's Total Assets for the quarter that ended in Dec. 2016 was $3.72 Mil. Therefore, Legend Oil & Gas's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2016 was 2.73.

Legend Oil & Gas (OTCPK:LOGL) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Legend Oil & Gas Liabilities-to-Assets Related Terms

Legend Oil & Gas Liabilities-to-Assets Historical Data

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The historical data trend for Legend Oil & Gas's Liabilities-to-Assets 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.

Legend Oil & Gas Liabilities-to-Assets Chart

Legend Oil & Gas Annual Data

Trend

Dec04

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Liabilities-to-Assets

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3.88

1.66

1.72

1.04

2.73

Legend Oil & Gas Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Liabilities-to-Assets	Get a 7-Day Free Trial															1.04	1.19	1.42	1.95	2.73

LOGL vs ARSLF, PTRDF, DBRM: Liabilities-to-Assets Comparison

For the Oil & Gas Midstream subindustry, Legend Oil & Gas's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

Legend Oil & Gas Liabilities-to-Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Legend Oil & Gas's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Legend Oil & Gas's Liabilities-to-Assets falls into.

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Legend Oil & Gas Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Legend Oil & Gas's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2016 is calculated as:

Liabilities-to-Assets (A: Dec. 2016 )	=	Total Liabilities	/	Total Assets
	=	10.156	/	3.723
	=	2.73

Legend Oil & Gas's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2016 is calculated as

Liabilities-to-Assets (Q: Dec. 2016 )	=	Total Liabilities	/	Total Assets
	=	10.156	/	3.723
	=	2.73

Frequently Asked Questions Learn more about Liabilities-to-Assets →

What does a Liabilities-to-Assets of 2.73 mean?

Legend Oil & Gas (LOGL) has a Liabilities-to-Assets of 2.73 as of Dec. 2016. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Legend Oil & Gas and its competitors.

Is Legend Oil & Gas' Liabilities-to-Assets too high?

Legend Oil & Gas' current Liabilities-to-Assets is 2.73.

How does Legend Oil & Gas' Liabilities-to-Assets compare to ARSLF and PTRDF?

Legend Oil & Gas' Liabilities-to-Assets of 2.73 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Liabilities-to-Assets for an Oil & Gas company?

A good Liabilities-to-Assets depends on the Oil & Gas industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Liabilities-to-Assets mean?

A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Legend Oil & Gas and its competitors. Legend Oil & Gas's current Liabilities-to-Assets is 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Legend Oil & Gas stock overvalued right now?

Legend Oil & Gas (LOGL) has a current Liabilities-to-Assets of 2.73. The current Liabilities-to-Assets is 2.73. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Liabilities-to-Assets calculated?

Liabilities-to-Assets is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Liabilities-to-Assets is 2.73 as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Legend Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies ARSLF PTRDF DBRM ALTX EXNT UERLF DRKOF HEXPF EMPR GPIPF CNENF GDPMQ IFNY BYIN EMBYF QPTRF ANFC GVLMF AKVA UNIGF

Address 555 North Point Center East, Suite 400, Alpharetta, GA, USA, 30022

Website http://www.maxxonenergy.com

Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. Its focus is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment is oil and gas.