Lakes Blue Energy NL (Lakes Blue Energy NL) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2022)

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What is Lakes Blue Energy NL 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. Lakes Blue Energy NL's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.00.

Lakes Blue Energy NL's long-term debt to total assets ratio declined from Dec. 2021 (0.40) to Dec. 2022 (0.00). It may suggest that Lakes Blue Energy NL is progressively becoming less dependent on debt to grow their business.

Lakes Blue Energy NL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lakes Blue Energy NL'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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Lakes Blue Energy NL LT-Debt-to-Total-Asset Chart

Lakes Blue Energy NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.15

0.35

Lakes Blue Energy NL Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.40	-	-	-

Lakes Blue Energy NL LT-Debt-to-Total-Asset Calculation

Lakes Blue Energy NL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0	/	10.633
	=

Lakes Blue Energy NL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	0	/	11.252
	=

Lakes Blue Energy NL (OTCPK:LKOLF) 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.

Lakes Blue Energy NL LT-Debt-to-Total-Asset Related Terms

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Lakes Blue Energy NL (Lakes Blue Energy NL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lakes Blue Energy NL (OTCPK:LKOLF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

24-26 Kent Street, Millers Point, NSW, AUS, 2000

Website

https://lakesblueenergy.com.au

Lakes Blue Energy NL is engaged in the operation and exploration of oil and gas reserves principally in Australia on-shore (Victoria, South Australia, and Queensland), Papua New Guinea (PNG), and the United States of America (USA).

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