Arkanova Energy (Arkanova Energy) LT-Debt-to-Total-Asset : 26.35 (As of Sep. 2016)

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What is Arkanova 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. Arkanova Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2016 was 26.35.

Arkanova Energy's long-term debt to total assets ratio increased from Sep. 2015 (4.10) to Sep. 2016 (26.35). It may suggest that Arkanova Energy is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Arkanova 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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Arkanova Energy LT-Debt-to-Total-Asset Chart

Arkanova Energy Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

LT-Debt-to-Total-Asset

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0.02

4.69

4.10

26.35

Arkanova Energy Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															4.10	-	-	-	26.35

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

Arkanova Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2016 is calculated as

LT Debt to Total Assets (A: Sep. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2016 )	/	Total Assets (A: Sep. 2016 )
	=	14.964	/	0.568
	=	26.35

Arkanova Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2016 is calculated as

LT Debt to Total Assets (Q: Sep. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2016 )	/	Total Assets (Q: Sep. 2016 )
	=	14.964	/	0.568
	=	26.35

Arkanova Energy (OTCPK:AKVA) 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.

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

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Arkanova Energy (Arkanova Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arkanova Energy Corp (OTCPK:AKVA) » Definitions » LT-Debt-to-Total-Asset

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Address

305 Camp Craft Road, Suite 525, Austin, TX, USA, 78746

Website

http://www.arkanovaenergy.com

Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.

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