ARSLF (Altima Energy) LT-Debt-to-Total-Asset: 0.09 (As of Nov. 2024)

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

Altima Energy ARSLF -99.90% 13 LT-Debt-to-Total-Asset is 0.09 as of Nov. 2024. GuruFocus rates ARSLF with a GF Score™ of 13/100.

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. Altima Energy's long-term debt to total assests ratio for the quarter that ended in Nov. 2024 was 0.09.

Altima Energy's long-term debt to total assets ratio increased from Nov. 2023 (0.00) to Nov. 2024 (0.09). It may suggest that Altima Energy is progressively becoming more dependent on debt to grow their business.

Altima Energy (OTCPK:ARSLF) 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.

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

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

* Premium members only.

The historical data trend for Altima 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.

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

Altima Energy Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.10

0.12

0.00

0.01

Altima Energy Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.00	0.01	0.01	0.01	0.09

13GF Score

Altima Energy Inc ARSLF

LT-Debt-to-Total-Asset is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

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

Altima Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	0.044	/	4.777
	=	0.01

Altima Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

LT Debt to Total Assets (Q: Nov. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Nov. 2024 )	/	Total Assets (Q: Nov. 2024 )
	=	0.582	/	6.716
	=	0.09

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.09 mean?

Altima Energy (ARSLF) has a LT-Debt-to-Total-Asset of 0.09 as of Nov. 2024. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Altima Energy and its competitors.

Is Altima Energy's LT-Debt-to-Total-Asset too high?

Altima Energy's current LT-Debt-to-Total-Asset is 0.09. Overall, Altima Energy has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.

How does Altima Energy's LT-Debt-to-Total-Asset compare to COP and EOG?

Altima Energy's LT-Debt-to-Total-Asset of 0.09 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?

A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Altima Energy and its competitors. Altima Energy's current LT-Debt-to-Total-Asset is 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Altima Energy stock overvalued right now?

Altima Energy (ARSLF) has a current LT-Debt-to-Total-Asset of 0.09. The current LT-Debt-to-Total-Asset is 0.09. Altima Energy's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Altima Energy (ARSLF), the current LT-Debt-to-Total-Asset is 0.09 as of Nov. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altima Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:SOU TSXV:WIL TSXV:HEVI TSXV:PEI TSXV:TAO TSXV:AVN TSXV:CART TSXV:CDA TSX:PPR TSXV:GX HKSE:00883 COP TSX:CNQ EOG FANG OXY MIC:NVTK EQT ASX:WDS EXE

Address 595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website https://www.altimaenergy.com

Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.

13GF Score

Get the complete analysis for ARSLF

LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00

Price

View ARSLF Analysis

See LT-Debt-to-Total-Asset data for all stocks →