Echo Energy (LSE:ECHO) LT-Debt-to-Total-Asset : 2.81 (As of Jun. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Echo 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. Echo Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 2.81.

Echo Energy's long-term debt to total assets ratio increased from Jun. 2022 (1.79) to Jun. 2023 (2.81). It may suggest that Echo Energy is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Echo 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.

* Premium members only.

Echo Energy LT-Debt-to-Total-Asset Chart

Echo Energy Annual Data

Trend

Sep12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.63

0.64

1.40

2.05

0.27

Echo Energy Semi-Annual Data
	Mar13	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															1.61	2.05	1.79	0.27	2.81

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

Echo Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	4.485	/	16.949
	=

Echo Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	4.23	/	1.506
	=

Echo Energy (LSE:ECHO) 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.

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

Thank you for viewing the detailed overview of Echo Energy's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Echo Energy (LSE:ECHO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

A3Z1:Germany A3Z1:Germany

Address

85 Great Portland Street, First Floor, London, GBR, W1W 7LT

Website

https://www.echoenergyplc.com

Echo Energy PLC is the holding company for a group of companies engaged in the exploration, appraisal, and development of oil and natural gas producing assets. It focuses on the development of assets in the Central and Southern American geographies.