LNG Energy Group (FRA:E26) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is LNG Energy Group 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. LNG Energy Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

LNG Energy Group's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Sep. 2024 (0.18). It may suggest that LNG Energy Group is progressively becoming more dependent on debt to grow their business.

LNG Energy Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for LNG Energy Group'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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LNG Energy Group LT-Debt-to-Total-Asset Chart

LNG Energy Group Annual Data

Trend

May22

May23

LT-Debt-to-Total-Asset

LNG Energy Group Quarterly Data
	May22	Aug22	Dec22	Mar23	Jul23	Dec23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	0.22	0.21	0.18

LNG Energy Group LT-Debt-to-Total-Asset Calculation

LNG Energy Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

LT Debt to Total Assets (A: May. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: May. 2023 )	/	Total Assets (A: May. 2023 )
	=	0	/	5.135
	=

LNG Energy Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	33.511	/	183.137
	=	0.18

LNG Energy Group (FRA:E26) 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.

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LNG Energy Group Business Description

Industry

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LNGE:Canada

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4

Website

https://www.lngenergygroup.com

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.

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