EnQuest (FRA:3EQ) LT-Debt-to-Total-Asset : 0.28 (As of Dec. 2023)

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What is EnQuest 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. EnQuest's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.28.

EnQuest's long-term debt to total assets ratio increased from Dec. 2022 (0.27) to Dec. 2023 (0.28). It may suggest that EnQuest is progressively becoming more dependent on debt to grow their business.

EnQuest LT-Debt-to-Total-Asset Historical Data

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

EnQuest Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.42

0.39

0.27

0.28

EnQuest Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.36	0.27	0.26	0.28

EnQuest LT-Debt-to-Total-Asset Calculation

EnQuest'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 )
	=	950.658	/	3453.222
	=	0.28

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	950.658	/	3453.222
	=	0.28

EnQuest (FRA:3EQ) 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.

EnQuest LT-Debt-to-Total-Asset Related Terms

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EnQuest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EnQuest PLC (FRA:3EQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ENQUF:USA ENQl:UK ENQ:UK 3EQ:Germany

Address

5-11 Regent Street, 2 nd Floor, Charles House, London, GBR, SW1Y 4LR

Website

https://www.enquest.com

EnQuest PLC is a UK independent producer of oil and gas. The principal activities of the company and its subsidiaries are the exploration for, and extraction and production of, hydrocarbons in the UK Continental Shelf and Malaysia. It focuses on maturing assets and undeveloped oil fields. Its geographical segments include the North Sea and Malaysia. The company generates maximum revenue from the North Sea.

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