La Francaise de l'Energie (LTS:0RIL) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2023)

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What is La Francaise de l'Energie 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. La Francaise de l'Energie's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.34.

La Francaise de l'Energie's long-term debt to total assets ratio increased from Dec. 2022 (0.28) to Dec. 2023 (0.34). It may suggest that La Francaise de l'Energie is progressively becoming more dependent on debt to grow their business.

La Francaise de l'Energie LT-Debt-to-Total-Asset Historical Data

The historical data trend for La Francaise de l'Energie'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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La Francaise de l'Energie LT-Debt-to-Total-Asset Chart

La Francaise de l'Energie Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.13

0.14

0.19

0.33

0.37

La Francaise de l'Energie Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.33	0.28	0.37	0.34

La Francaise de l'Energie LT-Debt-to-Total-Asset Calculation

La Francaise de l'Energie's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	59.581	/	163.168
	=	0.37

La Francaise de l'Energie'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 )
	=	57.242	/	167.52
	=	0.34

La Francaise de l'Energie (LTS:0RIL) 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.

La Francaise de l'Energie LT-Debt-to-Total-Asset Related Terms

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La Francaise de l'Energie (LTS:0RIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » La Francaise de l'Energie (LTS:0RIL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FDENF:USA FDE:France LFX:Germany

Address

No. 1 Avenue Saint-Remy, Espace Pierrard, Forbach, FRA, 57600

Website

http://www.francaisedelenergie.fr

La Francaise de l'Energie is a France-based company engaged in the exploration, appraisal, and production of gas resources. The company focuses on coal bed methane gas resources. It operates Lorraine and Nord-Pas de Calais mining areas in France.

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