Prominence Energy (ASX:PRM) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Prominence 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. Prominence Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

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

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

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

Prominence Energy Annual Data

Trend

Jun15

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Jun24

LT-Debt-to-Total-Asset

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0.01

Prominence Energy 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															-	-	-	0.01	-

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

Prominence Energy'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 )
	=	0.013	/	2.349
	=

Prominence Energy'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 )
	=	0.006	/	2.217
	=

Prominence Energy (ASX:PRM) 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.

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

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Prominence Energy Business Description

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Address

30 Richardson Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

http://www.prominenceenergy.com.au

Prominence Energy Ltd is an oil and gas exploration company. It is engaged in the exploration, development, and production of oil and gas projects. Its project includes Bowsprit Oil. The company's geographical segment includes Australia and United States of America. It derives a majority of revenue from Australia.