1st NRG (1st NRG) LT-Debt-to-Total-Asset : 9.67 (As of Sep. 2009)

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What is 1st NRG 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. 1st NRG's long-term debt to total assests ratio for the quarter that ended in Sep. 2009 was 9.67.

1st NRG's long-term debt to total assets ratio increased from Sep. 2008 (7.80) to Sep. 2009 (9.67). It may suggest that 1st NRG is progressively becoming more dependent on debt to grow their business.

1st NRG LT-Debt-to-Total-Asset Historical Data

The historical data trend for 1st NRG'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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1st NRG LT-Debt-to-Total-Asset Chart

1st NRG Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

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Dec08

LT-Debt-to-Total-Asset

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1.59

1st NRG Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															7.80	1.59	9.00	9.33	9.67

1st NRG LT-Debt-to-Total-Asset Calculation

1st NRG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2008 is calculated as

LT Debt to Total Assets (A: Dec. 2008 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2008 )	/	Total Assets (A: Dec. 2008 )
	=	0.027	/	0.017
	=

1st NRG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2009 is calculated as

LT Debt to Total Assets (Q: Sep. 2009 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2009 )	/	Total Assets (Q: Sep. 2009 )
	=	0.029	/	0.003
	=

1st NRG (OTCPK:FNRC) 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.

1st NRG LT-Debt-to-Total-Asset Related Terms

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1st NRG (1st NRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 1st NRG Corp (OTCPK:FNRC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1531 Stout Street, Suite 607, Denver, CO, USA, 80202

Website

http://1stnrg-corp.com

1st NRG Corp is an exploration and production company. The company is primarily engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company operates in one industry segment, the exploration, development, production, and sale of oil and natural gas. Its project portfolio comprises Clabaugh ranch, eastern Ohio - Beekmantown dolomite, and coalbed methane.

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