PetroEnergy Resources (PHS:PERC) LT-Debt-to-Total-Asset : 0.32 (As of Sep. 2024)

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What is PetroEnergy Resources 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. PetroEnergy Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.32.

PetroEnergy Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.22) to Sep. 2024 (0.32). It may suggest that PetroEnergy Resources is progressively becoming more dependent on debt to grow their business.

PetroEnergy Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for PetroEnergy Resources'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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PetroEnergy Resources LT-Debt-to-Total-Asset Chart

PetroEnergy Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.33

0.31

0.27

0.17

0.20

PetroEnergy Resources 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															0.22	0.20	0.29	0.31	0.32

PetroEnergy Resources LT-Debt-to-Total-Asset Calculation

PetroEnergy Resources'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 )
	=	4448.338	/	21882.29
	=	0.20

PetroEnergy Resources'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 )
	=	7353.082	/	23228.199
	=	0.32

PetroEnergy Resources (PHS:PERC) 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.

PetroEnergy Resources LT-Debt-to-Total-Asset Related Terms

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PetroEnergy Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PetroEnergy Resources Corp (PHS:PERC) » Definitions » LT-Debt-to-Total-Asset

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Address

ADB Avenue, Ortigas Business Center, 7th Floor, JMT Building, Pasig City, PHL, 1605

Website

https://www.petroenergy.com.ph

PetroEnergy Resources Corp is a Philippines-based oil exploration company. It is engaged in oil exploration and development activities. The company's segments include Oil production, Geothermal energy, Solar energy, Wind energy, and other activities segment. The Oil production segment is engaged in oil and mineral exploration, development, and production. The Geothermal energy segment develops and operates geothermal steam fields and power plants. The Solar energy segment carries out solar energy operations. Other activities pertain to research and investment activities. The wind energy segment carries out wind energy operations of the Group. The company generates the majority of its revenue from the Geothermal segment.

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