Diversified Energy Co (LSE:DEC) LT-Debt-to-Total-Asset : 0.39 (As of Jun. 2024)

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What is Diversified Energy Co 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. Diversified Energy Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.39.

Diversified Energy Co's long-term debt to total assets ratio increased from Jun. 2023 (0.34) to Jun. 2024 (0.39). It may suggest that Diversified Energy Co is progressively becoming more dependent on debt to grow their business.

Diversified Energy Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Diversified Energy Co'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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Diversified Energy Co LT-Debt-to-Total-Asset Chart

Diversified Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.29

0.28

0.31

0.32

Diversified Energy Co Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.31	0.34	0.32	0.39

Diversified Energy Co LT-Debt-to-Total-Asset Calculation

Diversified Energy Co'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 )
	=	866.128	/	2744.477
	=	0.32

Diversified Energy Co'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 )
	=	1157.224	/	2999.74
	=	0.39

Diversified Energy Co (LSE:DEC) 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.

Diversified Energy Co LT-Debt-to-Total-Asset Related Terms

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Diversified Energy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diversified Energy Co PLC (LSE:DEC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

DEC:USA DECl:UK DG20:Germany

Address

1600 Corporate Drive, Birmingham, AL, USA, 35242

Website

https://www.div.energy

Diversified Energy Co PLC is an independent owner and operator of producing natural gas and oil wells concentrated in the Appalachian Basin. The company acquires and manages gas and oil properties and certain associated midstream assets. Its operations are located throughout the neighboring states of Tennessee, Kentucky, Virginia, West Virginia, Ohio, Pennsylvania, Oklahoma, Texas, and Louisiana.