Oil and Gas Exploration and Production AD (LTS:0OMR) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2022)

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What is Oil and Gas Exploration and Production AD 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. Oil and Gas Exploration and Production AD's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.00.

Oil and Gas Exploration and Production AD's long-term debt to total assets ratio declined from Dec. 2020 (0.02) to Dec. 2022 (0.00). It may suggest that Oil and Gas Exploration and Production AD is progressively becoming less dependent on debt to grow their business.

Oil and Gas Exploration and Production AD LT-Debt-to-Total-Asset Historical Data

The historical data trend for Oil and Gas Exploration and Production AD'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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Oil and Gas Exploration and Production AD LT-Debt-to-Total-Asset Chart

Oil and Gas Exploration and Production AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

0.01

Oil and Gas Exploration and Production AD Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.02	0.03	0.02	0.01	-

Oil and Gas Exploration and Production AD LT-Debt-to-Total-Asset Calculation

Oil and Gas Exploration and Production AD'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 )
	=	0.444	/	116.645
	=	0.00

Oil and Gas Exploration and Production AD's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	0.444	/	116.645
	=	0.00

Oil and Gas Exploration and Production AD (LTS:0OMR) 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.

Oil and Gas Exploration and Production AD LT-Debt-to-Total-Asset Related Terms

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Oil and Gas Exploration and Production AD (LTS:0OMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil and Gas Exploration and Production AD (LTS:0OMR) » Definitions » LT-Debt-to-Total-Asset

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NGAZ:Bulgaria

Address

2, Stefan Karadja Street, Sofia, BGR, 1080

Website

http://www.ogep-bg.com

Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

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