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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. Truleum's Total Liabilities for the quarter that ended in Dec. 2023 was $4.72 Mil. Truleum's Total Assets for the quarter that ended in Dec. 2023 was $1.97 Mil. Therefore, Truleum's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 2.39.
The historical data trend for Truleum'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.
Truleum Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial | 56.70 | 23.21 | 16.37 | 1.76 | 2.39 |
Truleum Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Liabilities-to-Assets | Get a 7-Day Free Trial | 1.76 | 1.98 | 2.05 | 2.15 | 2.39 |
For the Oil & Gas E&P subindustry, Truleum'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.
For the Oil & Gas industry and Energy sector, Truleum's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Truleum's Liabilities-to-Assets falls into.
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.
Truleum's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Liabilities-to-Assets (A: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 4.722 | / | 1.974 | |
= | 2.39 |
Truleum's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as
Liabilities-to-Assets (Q: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 4.722 | / | 1.974 | |
= | 2.39 |
* 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.
Truleum (OTCPK:TRLM) 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.
Thank you for viewing the detailed overview of Truleum's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Isaac Dietrich | director | 1624 MARKET STREET, SUITE 201, DENVER CO 80202 |
Mark Allen Timm | director | 7862 N COUNTY ROAD 100 E, BAINBRIDGE IN 46105 |
Kelloff Oil & Gas, Llc | other: Consultant | 8247 SWADLEY COURT, ARVADA CO 80005 |
Jay Leaver | officer: President | 1410 HIGH STREET, DENVER CO 80215 |
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Lacie Kellogg | director | 2818 FORTUNA DRIVE, KATY TX 77493 |
John F Lepin | director, officer: CFO | 4162 MEYERWOOD DRIVE, HOUSTON TX 77025 |
Flynn Robert J. Jr. | director | 10880 MURRAY DOWNS COURT, RESTON VA 20194 |
David Earl Anderson | director | 8301 RIVERSIDE ROAD, ALEXANDRIA VA 22308 |
Aei Acquisition Co Llc | 10 percent owner | 2600 E SOUTHLAKE BLVD, STE 120-366, SOUTHLAKE TX 76092 |
From GuruFocus
By Marketwired Marketwired • 11-24-2020
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