Circle Energy (Circle Energy) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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

Circle Energy's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

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

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

Circle Energy Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Circle Energy Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	-	-	-	-

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

Circle 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	/	0.31
	=

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	0	/	0.297
	=

Circle Energy (OTCPK:CRCE) 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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Circle Energy (Circle Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Circle Energy Inc (OTCPK:CRCE) » Definitions » LT-Debt-to-Total-Asset

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Address

8211 E Regal Place, Tulsa, OK, USA, 74133

Website

Circle Energy Inc is engaged primarily in the acquisition, exploration and development of oil and natural gas properties. The Company owns interests in oil and natural gas properties located in Texas.

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