Magellan Energy (Magellan Energy) LT-Debt-to-Total-Asset : 0.00 (As of . 20)

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What is Magellan 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. Magellan Energy's long-term debt to total assests ratio for the quarter that ended in . 20 was 0.00.

Magellan Energy's long-term debt to total assets ratio stayed the same from . 20 (0.00) to . 20 (0.00).

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

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

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Magellan Energy Quarterly Data

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

Magellan Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Magellan Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in . 20 is calculated as

LT Debt to Total Assets (Q: . 20 )	=	Long-Term Debt & Capital Lease Obligation (Q: . 20 )	/	Total Assets (Q: . 20 )
	=		/
	=

Magellan Energy (OTCPK:MGLG) 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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Magellan Energy (Magellan Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Magellan Energy Ltd (OTCPK:MGLG) » Definitions » LT-Debt-to-Total-Asset

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Address

1370 Hurontario Street, Mississauga, ON, CAN, L5G 3H4

Website

http://www.magellan-energy.com

Magellan Energy Ltd is an oil and gas exploration company. The Company is engaged in the extraction and production of small to medium-sized oil and gas properties.

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