Riley Exploration Permian (FRA:T7U) LT-Debt-to-Total-Asset : 0.34 (As of Mar. 2024)

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What is Riley Exploration Permian 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. Riley Exploration Permian's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.34.

Riley Exploration Permian's long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.34). It may suggest that Riley Exploration Permian is progressively becoming more dependent on debt to grow their business.

Riley Exploration Permian LT-Debt-to-Total-Asset Historical Data

The historical data trend for Riley Exploration Permian'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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Riley Exploration Permian LT-Debt-to-Total-Asset Chart

Riley Exploration Permian Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Sep21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.16

0.11

0.36

Riley Exploration Permian Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															0.16	0.40	0.38	0.36	0.34

Riley Exploration Permian LT-Debt-to-Total-Asset Calculation

Riley Exploration Permian'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 )
	=	308.074	/	867.217
	=	0.36

Riley Exploration Permian'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 )
	=	296.095	/	879.857
	=	0.34

Riley Exploration Permian (FRA:T7U) 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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Riley Exploration Permian (FRA:T7U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Riley Exploration Permian Inc (FRA:T7U) » Definitions » LT-Debt-to-Total-Asset

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REPX:USA

Address

29 E. Reno Avenue, Suite 500, Oklahoma City, OK, USA, 73104

Website

https://www.rileypermian.com

Riley Exploration Permian Inc is engaged in the business of exploration for and production of oil and natural gas. The company operations are in Kansas Properties, Tennessee Properties, among others.

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