Central Petroleum (ASX:CTP) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2024)

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What is Central Petroleum 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. Central Petroleum's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.24.

Central Petroleum's long-term debt to total assets ratio increased from Dec. 2023 (0.20) to Dec. 2024 (0.24). It may suggest that Central Petroleum is progressively becoming more dependent on debt to grow their business.

Central Petroleum LT-Debt-to-Total-Asset Historical Data

The historical data trend for Central Petroleum'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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Central Petroleum LT-Debt-to-Total-Asset Chart

Central Petroleum Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.40

0.18

0.22

0.24

0.19

Central Petroleum Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.24	0.20	0.19	0.24

Central Petroleum LT-Debt-to-Total-Asset Calculation

Central Petroleum's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	19.149	/	103.639
	=	0.18

Central Petroleum's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	24.429	/	103.922
	=	0.24

Central Petroleum (ASX:CTP) 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.

Central Petroleum LT-Debt-to-Total-Asset Related Terms

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Central Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Central Petroleum Ltd (ASX:CTP) » Definitions » LT-Debt-to-Total-Asset

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Address

369 Ann Street, Level 7, Brisbane, QLD, AUS, 4000

Website

https://www.centralpetroleum.com.au

Central Petroleum Ltd is an oil and gas explorer and conventional producer with a focus on supplying the domestic gas market. It is engaged in the development, production, processing, and marketing of hydrocarbons and associated exploration. The company's operating segment includes production; development; and exploration. It generates maximum revenue from the Natural gas production segment. Geographically, the company operates only in Australia.

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