OILSF (Saturn Oil & Gas) LT-Debt-to-Total-Asset : 0.40 (As of Dec. 2024)

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What is Saturn Oil & Gas 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. Saturn Oil & Gas's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.40.

Saturn Oil & Gas's long-term debt to total assets ratio increased from Dec. 2023 (0.18) to Dec. 2024 (0.40). It may suggest that Saturn Oil & Gas is progressively becoming more dependent on debt to grow their business.

Saturn Oil & Gas LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saturn Oil & Gas'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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Saturn Oil & Gas LT-Debt-to-Total-Asset Chart

Saturn Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.08

0.28

0.22

0.18

0.40

Saturn Oil & Gas Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.19	0.40	0.38	0.40

Saturn Oil & Gas LT-Debt-to-Total-Asset Calculation

Saturn Oil & Gas's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	598.759	/	1517.216
	=	0.39

Saturn Oil & Gas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	598.759	/	1517.216
	=	0.39

Saturn Oil & Gas (OTCPK:OILSF) 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.

Saturn Oil & Gas LT-Debt-to-Total-Asset Related Terms

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Saturn Oil & Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saturn Oil & Gas Inc (OTCPK:OILSF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SMKA:Germany SMKA:Germany SOIL:Canada

Address

525 - 8th Avenue SW, Suite 2800, Calgary, AB, CAN, T2P 1G1

Website

https://www.saturnoil.com

Saturn Oil & Gas Inc is a resource company engaged in the business of acquiring, exploration, and development of petroleum and natural gas resource deposits in Canada. Its focus is to advance the exploration of its oil and gas properties in Alberta and Southeast Saskatchewan. The company generates the majority of its revenue from the sale of oil, natural gas, and NGLs production under variable price contracts.