Harbour Energy (LSE:HBR) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Harbour 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. Harbour Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Harbour Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.15) to Dec. 2023 (0.10). It may suggest that Harbour Energy is progressively becoming less dependent on debt to grow their business.

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

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

Harbour Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

0.23

0.15

0.10

Harbour Energy Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.23	0.16	0.15	0.09	0.10

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

Harbour 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 )
	=	763.93	/	7818.63
	=	0.10

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	763.93	/	7818.63
	=	0.10

Harbour Energy (LSE:HBR) 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.

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

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Harbour Energy (LSE:HBR) Business Description

Industry

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

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Traded in Other Exchanges

PMOIF:USA HBRIY:USA HBRl:UK PQQ0:Germany

Address

23 Lower Belgrave Street, London, GBR, SW1W ONR

Website

https://www.harbourenergy.com

Harbour Energy PLC is an independent oil and gas company, producing over 200,000 barrels of oil equivalent per day from the North Sea and South East Asia. It has a lower carbon intensity than the average UK oil and gas producer.

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