EONR (EON Resources) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

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What is EON Resources 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. EON Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.28.

EON Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.28). It may suggest that EON Resources is progressively becoming more dependent on debt to grow their business.

EON Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for EON Resources'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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EON Resources LT-Debt-to-Total-Asset Chart

EON Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.41

0.37

EON Resources Quarterly Data
	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											-	0.37	0.31	0.30	0.28

EON Resources LT-Debt-to-Total-Asset Calculation

EON Resources'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 )
	=	37.486	/	100.726
	=

EON Resources'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 )
	=	28.84	/	103.179
	=	0.28

EON Resources (AMEX:EONR) 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.

EON Resources LT-Debt-to-Total-Asset Related Terms

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EON Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EON Resources Inc (AMEX:EONR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3730 Kirby Drive, Suite 1200, Houston, TX, USA, 77098

Website

http://www.eon-r.com

EON Resources Inc is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. Its current focus is as an upstream energy company producing oil and gas properties in the Permian Basin.

Executives

Salvucci Joseph V Sr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Salvucci Joseph V Jr	director	583 EPSILON DRIVE, PITTSBURGH PA 15238
Donald Goree	director, officer: Chief Executive Officer	101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301
Donald W Orr	director, officer: President	3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098