Vitesse Energy (MEX:VTS) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Vitesse 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. Vitesse Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Vitesse Energy's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Mar. 2024 (0.13). It may suggest that Vitesse Energy is progressively becoming more dependent on debt to grow their business.

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

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

Vitesse Energy Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.16

0.11

0.07

0.11

Vitesse Energy Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.07	0.06	0.08	0.11	0.13

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

Vitesse 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 )
	=	1374.914	/	13001.765
	=	0.11

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1626.433	/	12442.727
	=	0.13

Vitesse Energy (MEX:VTS) 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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Vitesse Energy (MEX:VTS) Business Description

Industry

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

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Traded in Other Exchanges

VTS:USA

Address

9200 E. Mineral Avenue, Suite 200, Centennial, CO, USA, 80112

Website

https://www.vitesse-vts.com

Vitesse Energy Inc is an independent energy company engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.