Advantagewon Oil (Advantagewon Oil) LT-Debt-to-Total-Asset : 0.64 (As of Sep. 2023)

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What is Advantagewon Oil 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. Advantagewon Oil's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.64.

Advantagewon Oil's long-term debt to total assets ratio increased from Jun. 2022 (0.10) to Sep. 2023 (0.64). It may suggest that Advantagewon Oil is progressively becoming more dependent on debt to grow their business.

Advantagewon Oil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advantagewon Oil'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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Advantagewon Oil LT-Debt-to-Total-Asset Chart

Advantagewon Oil Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.03

0.02

0.90

Advantagewon Oil Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.10	0.90	1.01	0.64

Advantagewon Oil LT-Debt-to-Total-Asset Calculation

Advantagewon Oil's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	0.091	/	0.101
	=

Advantagewon Oil's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0.059	/	0.092
	=

Advantagewon Oil (OTCPK:ANTGF) 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.

Advantagewon Oil LT-Debt-to-Total-Asset Related Terms

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Advantagewon Oil (Advantagewon Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advantagewon Oil Corp (OTCPK:ANTGF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

47 Colborne Street, Suite 307, Toronto, ON, CAN, M5E 1P8

Website

https://www.aoc-oil.com

Advantagewon Oil Corp is a Canada-based oil and gas company. It is engaged in the acquisition, exploration, development, and production of oil and gas reserves in North America. All of the company's revenue is derived from the sale of oil which is produced and sold in Alberta, Canada.

Advantagewon Oil (Advantagewon Oil) Headlines

From GuruFocus

Advantagewon Oil Corp. Receives Updated 51-101 Report Showing Combined Undiscounted Reserves Increase By 57% To $212 Million -- Spotlight Growth

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