Vintage Energy (ASX:VEN) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Vintage 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. Vintage Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Vintage Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.11) to Dec. 2023 (0.15). It may suggest that Vintage Energy is progressively becoming more dependent on debt to grow their business.

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

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

Vintage Energy Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.01

0.10

0.12

Vintage Energy Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.01	0.10	0.11	0.12	0.15

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

Vintage Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	7.702	/	66.826
	=	0.12

Vintage 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 )
	=	8.096	/	54.121
	=	0.15

Vintage Energy (ASX:VEN) 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.

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Vintage Energy (ASX:VEN) Business Description

Industry

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Traded in Other Exchanges

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Address

58 King William Road, Goodwood, SA, AUS, 5034

Website

https://www.vintageenergy.com.au

Vintage Energy Ltd is an oil and gas exploration company. The company has an interest in Galilee Basin, Cooper/Eromanga Basins, Otway Basin, Perth Basin, and Bonaparte Basin.

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