Pipestone Energy (FRA:2LA) LT-Debt-to-Total-Asset : 0.20 (As of Jun. 2023)

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What is Pipestone 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. Pipestone Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.20.

Pipestone Energy's long-term debt to total assets ratio declined from Jun. 2022 (0.20) to Jun. 2023 (0.20). It may suggest that Pipestone Energy is progressively becoming less dependent on debt to grow their business.

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

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

Pipestone Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.25

0.32

0.27

0.29

0.19

Pipestone Energy Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.20	0.19	0.17	0.20

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

Pipestone Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	141.618	/	763.006
	=	0.19

Pipestone Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	161.319	/	823.582
	=	0.20

Pipestone Energy (FRA:2LA) 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.

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

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Pipestone Energy (FRA:2LA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

888 - 3rd Street SW, Suite 3700, Calgary, AB, CAN, T2P 5C5.

Website

https://www.pipestonecorp.com

Pipestone Energy Corp is engaged in the responsible exploration for, and development and production of, oil and natural gas liquids (including condensate, pentane, butane, propane and ethane) and natural gas in Western Canada, with substantially all of its activities and assets focused in the Montney resource play in Alberta. The Company recognizes revenue from the sale of commodities, which include liquids and natural gas.

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