Coterra Energy (MEX:CTRA) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Coterra 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. Coterra Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Coterra Energy's long-term debt to total assets ratio increased from Sep. 2023 (0.09) to Sep. 2024 (0.11). It may suggest that Coterra Energy is progressively becoming more dependent on debt to grow their business.

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

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

Coterra Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.22

0.17

0.12

0.09

Coterra Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.09	0.11	0.11	0.11

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

Coterra 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 )
	=	31045.9	/	346529.273
	=	0.09

Coterra Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	44007.821	/	396286.978
	=	0.11

Coterra Energy (MEX:CTRA) 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.

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

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Coterra Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coterra Energy Inc (MEX:CTRA) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CTRA:USA 0HRZ:UK XCQ:Germany XCQ:Germany

Address

840 Gessner Road, Suite 1400, Three Memorial City Plaza, Houston, TX, USA, 77024

Website

https://www.coterra.com

Coterra Energy Inc is an independent oil and gas company engaged in the development, exploration, and production of oil, natural gas, and NGLs. The company's operations are primarily concentrated in three core operating areas; the Permian Basin in west Texas and southeast New Mexico, the Marcellus Shale in northeast Pennsylvania, and the Anadarko Basin in the Mid-Continent region in Oklahoma.