KELTF (Kelt Exploration) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2024)

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What is Kelt Exploration 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. Kelt Exploration's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.08.

Kelt Exploration's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.08). It may suggest that Kelt Exploration is progressively becoming more dependent on debt to grow their business.

Kelt Exploration LT-Debt-to-Total-Asset Historical Data

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

Kelt Exploration Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.08

Kelt Exploration Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.03	0.08

Kelt Exploration LT-Debt-to-Total-Asset Calculation

Kelt Exploration's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	76.797	/	1018.235
	=	0.08

Kelt Exploration's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	76.797	/	1018.235
	=	0.08

Kelt Exploration (OTCPK:KELTF) 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.

Kelt Exploration LT-Debt-to-Total-Asset Related Terms

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Kelt Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kelt Exploration Ltd (OTCPK:KELTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

KEL:Canada

Address

311 6th Avenue S.W, Suite 300, East Tower, Calgary, AB, CAN, T2P 3H2

Website

https://www.keltexploration.com

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. The company focuses on exploration, development and production of crude oil and natural gas resources, in west central Alberta and northeastern British Columbia.

Kelt Exploration Headlines

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