Zenith Energy (Zenith Energy) Liabilities-to-Assets : 0.68 (As of Sep. 2023)

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What is Zenith Energy Liabilities-to-Assets?

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. Zenith Energy's Total Liabilities for the quarter that ended in Sep. 2023 was $131.54 Mil. Zenith Energy's Total Assets for the quarter that ended in Sep. 2023 was $193.40 Mil. Therefore, Zenith Energy's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 was 0.68.

Zenith Energy Liabilities-to-Assets Historical Data

The historical data trend for Zenith Energy'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.

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Zenith Energy Liabilities-to-Assets Chart

Zenith Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Liabilities-to-Assets

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0.48

0.81

0.80

0.60

0.65

Zenith Energy Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Liabilities-to-Assets	Get a 7-Day Free Trial															0.54	0.60	0.61	0.65	0.68

Competitive Comparison of Zenith Energy's Liabilities-to-Assets

For the Oil & Gas E&P subindustry, Zenith Energy'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.

Zenith Energy's Liabilities-to-Assets Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Zenith Energy's Liabilities-to-Assets falls into.

Zenith Energy 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.

Zenith Energy's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Liabilities-to-Assets (A: Mar. 2023 )	=	Total Liabilities	/	Total Assets
	=	125.162	/	192.144
	=	0.65

Zenith Energy's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 is calculated as

Liabilities-to-Assets (Q: Sep. 2023 )	=	Total Liabilities	/	Total Assets
	=	131.542	/	193.404
	=	0.68

Zenith Energy (OTCPK:ZENAF) 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.

Zenith Energy Liabilities-to-Assets Related Terms

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Zenith Energy (Zenith Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zenith Energy Ltd (OTCPK:ZENAF) » Definitions » Liabilities-to-Assets

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Traded in Other Exchanges

ZENA:Norway ZEN:UK ZCL:Germany

Address

421 - 7th Avenue SW, Suite 4000, Calgary, AB, CAN, T2P 4K9

Website

https://www.zenithenergy.ca

Zenith Energy Ltd is an international independent oil and gas company with production, exploration and development assets in the Republic of the Congo, Italy and Tunisia. The company's strategic focus is the development of proven revenue generating oil production assets, as well as low-risk exploration activities in assets with existing production.

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