PTOAF (Pieridae Energy) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2024)

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What is Pieridae 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. Pieridae Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.26.

Pieridae Energy's long-term debt to total assets ratio increased from Dec. 2023 (0.22) to Dec. 2024 (0.26). It may suggest that Pieridae Energy is progressively becoming more dependent on debt to grow their business.

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

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

Pieridae Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.36

0.34

0.22

0.26

Pieridae Energy 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															0.22	0.24	0.26	0.25	0.26

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

Pieridae Energy'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 )
	=	112.962	/	429.861
	=	0.26

Pieridae Energy'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 )
	=	112.962	/	429.861
	=	0.26

Pieridae Energy (OTCPK:PTOAF) 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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Pieridae Energy Business Description

Industry

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

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PEA:Canada

Address

1718 Argyle Street, Suite 730, Halifax, NS, CAN, B3J 3N6

Website

https://www.pieridaeenergy.com

Pieridae Energy Ltd is a Canadian-owned corporation e is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids (NGLs) and sulphur. It is an upstream producer and midstream operator with core assets concentrated along the foothills of the Rocky Mountains. Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.