Advantage Energy (Advantage Energy) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Advantage Energy LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Advantage Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Advantage Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.09) to Dec. 2023 (0.11). It may suggest that Advantage Energy is progressively becoming more dependent on debt to grow their business.

Advantage Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advantage Energy's LT-Debt-to-Total-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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Advantage Energy LT-Debt-to-Total-Asset Chart

Advantage Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.08

0.09

0.11

Advantage Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.09	0.12	0.12	0.11

Advantage Energy LT-Debt-to-Total-Asset Calculation

Advantage Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	193.14	/	1713.646
	=	0.11

Advantage Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	193.14	/	1713.646
	=	0.11

Advantage Energy (OTCPK:AAVVF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Advantage Energy LT-Debt-to-Total-Asset Related Terms

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Advantage Energy (Advantage Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Advantage Energy Ltd (OTCPK:AAVVF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

9SA0:Germany AAV:Canada

Address

440 - 2nd Avenue SW, Suite 2200, Calgary, AB, CAN, T2P 5E9

Website

https://www.advantageog.com

Advantage Energy Ltd is a Canadian energy company primarily engaged in the extraction of natural gas and liquid resources. The company holds over 145,000 net acres of liquids-rich lands throughout Canada. Advantage Energy Ltd focuses on creating low-cost, low-emission Canadian energy for the world. The company sells crude and medium crude oil as well as conventional natural gas and liquid natural gas. Advantage Energy Ltd plans to grow by utilizing areas with high rate of return targets due to the presence of existing infrastructure capability.

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