PTRVF (Avila Energy) LT-Debt-to-Total-Asset : 0.21 (As of Jun. 2024)

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What is Avila 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. Avila Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.21.

Avila Energy's long-term debt to total assets ratio increased from Jun. 2023 (0.11) to Jun. 2024 (0.21). It may suggest that Avila Energy is progressively becoming more dependent on debt to grow their business.

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

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

Avila Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.32

0.11

0.08

0.20

Avila Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.09	0.20	0.20	0.21

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

Avila 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 )
	=	5.305	/	26.71
	=	0.20

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	5.397	/	25.225
	=

Avila Energy (OTCPK:PTRVF) 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.

Avila Energy LT-Debt-to-Total-Asset Related Terms

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Avila Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avila Energy Corp (OTCPK:PTRVF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1439 17th Avenue SE, Suite 201, Calgary, AB, CAN, T2G 1J9

Website

https://www.avilaenergy.com

Avila Energy Corp is a producer, explorer, and developer of energy in Canada. The company generates revenue from the sale of commodities, which primarily consist of natural gas.