Tidewater Renewables (FRA:7GZ) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Tidewater Renewables 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. Tidewater Renewables's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Tidewater Renewables's long-term debt to total assets ratio declined from Mar. 2023 (0.26) to Mar. 2024 (0.13). It may suggest that Tidewater Renewables is progressively becoming less dependent on debt to grow their business.

Tidewater Renewables LT-Debt-to-Total-Asset Historical Data

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

Tidewater Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.27

0.10

0.22

0.13

Tidewater Renewables Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.26	0.30	0.14	0.13	0.13

Tidewater Renewables LT-Debt-to-Total-Asset Calculation

Tidewater Renewables'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 )
	=	98.41	/	742.771
	=	0.13

Tidewater Renewables's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	97.87	/	734.941
	=	0.13

Tidewater Renewables (FRA:7GZ) 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.

Tidewater Renewables LT-Debt-to-Total-Asset Related Terms

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Tidewater Renewables (FRA:7GZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tidewater Renewables Ltd (FRA:7GZ) » Definitions » LT-Debt-to-Total-Asset

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TDWRF:USA LCFS:Canada

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas.

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