GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenaz Energy Corp (OTCPK:ATUUF) » Definitions » LT-Debt-to-Total-Asset

ATUUF (Tenaz Energy) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)


View and export this data going back to 2018. Start your Free Trial

What is Tenaz 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. Tenaz Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Tenaz Energy's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.04). It may suggest that Tenaz Energy is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Tenaz 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.

* Premium members only.

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

Tenaz Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.01 - - -

Tenaz Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.04

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

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

LT Debt to Total Assets (A: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )/Total Assets (A: Dec. 2023 )
=0.182/177.933
=0.00

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

LT Debt to Total Assets (Q: Sep. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )/Total Assets (Q: Sep. 2024 )
=7.572/187.823
=0.04

* 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.

Tenaz Energy  (OTCPK:ATUUF) 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.

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

Thank you for viewing the detailed overview of Tenaz Energy's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Tenaz Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenaz Energy Corp (OTCPK:ATUUF) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
TSXV:GASX TSXV:TAO TSXV:FO TSXV:SNM TSXV:HME TSXV:SEI TSX:QEC TSXV:AXL TSX:PEA TSXV:TPL COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
7F4:Germany TNZ:Canada
Address
605 5th Avenue SW, Suite 700, Calgary, AB, CAN, T2P 3H5
Website
https://www.tenazenergy.com
Tenaz Energy Corp is engaged as an energy company focused on the acquisition and sustainable development of international oil and gas assets capable of returning free cash flow to shareholders. Tenaz has domestic operations in Canada along with offshore natural gas and midstream assets in the Netherlands. It has two operating segments Canadian business unit and the Netherlands business unit, and it derives revenue from the sale of petroleum and natural gas products such as heavy crude oil, light crude and medium crude oil, natural gas, and natural gas liquids of which key revenue is derived from the sale of heavy crude oil.