Alvopetro Energy (Alvopetro Energy) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Alvopetro 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. Alvopetro Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.07.

Alvopetro Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.09) to Dec. 2023 (0.07). It may suggest that Alvopetro Energy is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Alvopetro 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.

* Premium members only.

Alvopetro Energy LT-Debt-to-Total-Asset Chart

Alvopetro Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.07

0.29

0.19

0.09

0.07

Alvopetro 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	0.08	0.07	0.07	0.07

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

Alvopetro 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 )
	=	7.722	/	109.825
	=	0.07

Alvopetro 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 )
	=	7.722	/	109.825
	=	0.07

Alvopetro Energy (OTCPK:ALVOF) 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.

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

Thank you for viewing the detailed overview of Alvopetro Energy's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Alvopetro Energy (Alvopetro Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ALV:Canada

Address

215 - 9th Avenue SW, Suite 1920, Calgary, AB, CAN, T2P 1K3

Website

https://www.alvopetro.com

Alvopetro Energy Ltd is a Canada-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil. It generates revenue from Natural gas, oil, and condensate sales, and all of its revenue is derived from Brazil. All natural gas, oil and condensate sales revenue is derived from Brazilian operations. All exploration and evaluation assets and all material property, plant and equipment are located in Brazil.