FLSS (Forbes Energy Services) LT-Debt-to-Total-Asset: 0.52 (As of Mar. 2020)


FLSS Forbes Energy Services Ltd FLSS
16 GF Score
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What is Forbes Energy Services LT-Debt-to-Total-Asset?

Forbes Energy Services FLSS -90.00% 16 LT-Debt-to-Total-Asset is 0.52 as of Mar. 2020. GuruFocus rates FLSS with a GF Score™ of 16/100.

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. Forbes Energy Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2020 was 0.52.

Forbes Energy Services's long-term debt to total assets ratio declined from Mar. 2019 (0.52) to Mar. 2020 (0.52). It may suggest that Forbes Energy Services is progressively becoming less dependent on debt to grow their business.

Forbes Energy Services  (OTCPK:FLSS) 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.

Forbes Energy Services LT-Debt-to-Total-Asset Related Terms

Forbes Energy Services LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for Forbes Energy Services'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.

Forbes Energy Services LT-Debt-to-Total-Asset Chart

Forbes Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.00 0.25 0.28 0.35

Forbes Energy Services Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 0.52 0.34 0.36 0.35 0.52
FLSS
16GF Score
Forbes Energy Services Ltd FLSS
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Forbes Energy Services LT-Debt-to-Total-Asset Calculation

Forbes Energy Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )/Total Assets (A: Dec. 2019 )
=67.395/190.265
=0.35

Forbes Energy Services's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (Q: Mar. 2020 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2020 )/Total Assets (Q: Mar. 2020 )
=68.816/133.47
=0.52

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.52 mean?
Forbes Energy Services (FLSS) has a LT-Debt-to-Total-Asset of 0.52 as of Mar. 2020. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Forbes Energy Services and its competitors.
Is Forbes Energy Services' LT-Debt-to-Total-Asset too high?
Forbes Energy Services' current LT-Debt-to-Total-Asset is 0.52. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Forbes Energy Services' LT-Debt-to-Total-Asset compare to CRRTQ and HOSSQ?
Forbes Energy Services' LT-Debt-to-Total-Asset of 0.52 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?
A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Forbes Energy Services and its competitors. Forbes Energy Services's current LT-Debt-to-Total-Asset is 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbes Energy Services stock overvalued right now?
Forbes Energy Services (FLSS) has a current LT-Debt-to-Total-Asset of 0.52. The current LT-Debt-to-Total-Asset is 0.52. Forbes Energy Services' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Forbes Energy Services (FLSS), the current LT-Debt-to-Total-Asset is 0.52 as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forbes Energy Services Business Description

Industry EnergyOil & Gas
Address 3000 South Business Highway 281, Alice, TX, USA, 78332
Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.
16GF Score

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