AE (Adams Resources & Energy) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Adams Resources & 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. Adams Resources & Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Adams Resources & Energy's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.09). It may suggest that Adams Resources & Energy is progressively becoming less dependent on debt to grow their business.

Adams Resources & Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Adams Resources & 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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Adams Resources & Energy LT-Debt-to-Total-Asset Chart

Adams Resources & Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.06

0.04

0.11

0.12

Adams Resources & Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.12	0.10	0.09	0.09

Adams Resources & Energy LT-Debt-to-Total-Asset Calculation

Adams Resources & 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 )
	=	42.066	/	361.334
	=	0.12

Adams Resources & Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	30.041	/	332.994
	=	0.09

Adams Resources & Energy (AMEX:AE) 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.

Adams Resources & Energy LT-Debt-to-Total-Asset Related Terms

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Adams Resources & Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Adams Resources & Energy Inc (AMEX:AE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 South Briar Hollow Lane, Suite 100, Houston, TX, USA, 77027

Website

https://www.adamsresources.com

Adams Resources & Energy Inc is engaged in the crude oil marketing, truck and pipeline transportation of crude oil, and terminalling and storage in various crude oil and natural gas basins. The company operates through four segments: Crude oil marketing, transportation, and storage; Tank truck transportation of liquid chemicals and dry bulk; Pipeline transportation, terminalling, and storage of crude oil; and Interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, crude oil, and other chemicals.

Executives

Kevin J. Roycraft	officer: President, Service Transport	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Leggio Michael F Iii	officer: Chief Operating Officer	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Tracy E Ohmart	officer: EVP, CFO	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Niemann John O. Jr.	director	1415 LOUISIANA ST., STE. 4100, HOUSTON TX 77002
Wade M Harrison	officer: President, Service Transport	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, HOUSTON TX 77027
Dennis E. Dominic	director	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Townes G. Pressler	officer: Executive Chairman	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Trey T Bosard	officer: President, Phoenix Oil, Inc.	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
William R Scofield	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Murray E Brasseux	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Greg L Mills	officer: President, GulfMark Energy	C/O ADAMS RESOURCES & ENERGY, INC., 17 S. BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Michelle A Earley	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027
Larry E Bell	director	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Geoffrey Griffith	officer: President, GulfMark Energy	17 SOUTH BRIAR HOLLOW LANE, SUITE 100, HOUSTON TX 77027
Richard C Jenner	director	17 SOUTH BRIAR HOLLOW LANE, HOUSTON TX 77027