HighPeak Energy (HighPeak Energy) LT-Debt-to-Total-Asset : 0.33 (As of Mar. 2024)

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What is HighPeak 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. HighPeak Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.33.

HighPeak Energy's long-term debt to total assets ratio increased from Mar. 2023 (0.25) to Mar. 2024 (0.33). It may suggest that HighPeak Energy is progressively becoming more dependent on debt to grow their business.

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

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

HighPeak Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.12

0.31

0.33

HighPeak Energy Quarterly Data
	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														0.25	0.08	0.35	0.33	0.33

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

HighPeak Energy'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 )
	=	1030.299	/	3080.791
	=	0.33

HighPeak Energy'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 )
	=	1004.798	/	3054.692
	=	0.33

HighPeak Energy (NAS:HPKEW) 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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HighPeak Energy (HighPeak Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » HighPeak Energy Inc (NAS:HPKEW) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

HPK:USA

Address

421 W. 3rd Street, Suite 1000, Fort Worth, TX, USA, 76102

Website

https://www.highpeakenergy.com

HighPeak Energy Inc is an independent oil and natural gas company focused on the development of unconventional oil and natural gas reserves in primarily Howard County of the Midland Basin. The company operates in a single segment, which is oil and natural gas development, exploration, and production.