Petrel Resources (LSE:PET) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Petrel Resources 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. Petrel Resources's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Petrel Resources's long-term debt to total assets ratio stayed the same from Jun. 2022 (0.00) to Jun. 2023 (0.00).

Petrel Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Petrel Resources'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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Petrel Resources LT-Debt-to-Total-Asset Chart

Petrel Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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Petrel Resources 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															-	-	-	-	-

Petrel Resources LT-Debt-to-Total-Asset Calculation

Petrel Resources'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 )
	=	0	/	0.985
	=

Petrel Resources'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 )
	=	0	/	0.87
	=

Petrel Resources (LSE:PET) 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.

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Petrel Resources (LSE:PET) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PET.GB:UK PQ4:Germany

Address

162 Clontarf Road, Dublin, IRL, 3

Website

https://www.petrelresources.com

Petrel Resources PLC is an oil exploration company. The company has a class of business: Oil Exploration and Development. It has operations in Iraq, Africa, and Ireland. It has frontier exploration licenses (FELs), which include FEL 3/14, and FEL 11/18.