Beacon Energy (LSE:BCE) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is Beacon 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. Beacon Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

Beacon Energy's long-term debt to total assets ratio declined from Jun. 2023 (0.16) to Jun. 2024 (0.13). It may suggest that Beacon Energy is progressively becoming less dependent on debt to grow their business.

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

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

Beacon Energy Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.14

Beacon Energy Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.16	0.14	0.13

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

Beacon 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 )
	=	2.942	/	20.595
	=	0.14

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	3.046	/	23.046
	=	0.13

Beacon Energy (LSE:BCE) 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.

Beacon Energy LT-Debt-to-Total-Asset Related Terms

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