PTVRF (Petro-Victory Energy) LT-Debt-to-Total-Asset : 0.18 (As of Sep. 2024)

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What is Petro-Victory 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. Petro-Victory Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.18.

Petro-Victory Energy's long-term debt to total assets ratio declined from Sep. 2023 (0.22) to Sep. 2024 (0.18). It may suggest that Petro-Victory Energy is progressively becoming less dependent on debt to grow their business.

Petro-Victory Energy LT-Debt-to-Total-Asset Historical Data

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

Petro-Victory Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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1.12

0.43

0.41

0.40

0.24

Petro-Victory Energy 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	0.24	0.21	0.23	0.18

Petro-Victory Energy LT-Debt-to-Total-Asset Calculation

Petro-Victory 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 )
	=	3.136	/	13.216
	=	0.24

Petro-Victory Energy'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 )
	=	2.514	/	14.163
	=	0.18

Petro-Victory Energy (OTCPK:PTVRF) 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.

Petro-Victory Energy LT-Debt-to-Total-Asset Related Terms

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Petro-Victory Energy Business Description

Industry

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

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VRY:Canada

Address

5960 Berkshire Lane, 6th Floor, Dallas, TX, USA, 75225

Website

https://www.petrovictoryenergy.com

Petro-Victory Energy Corp is an oil and gas company that is engaged in the acquisition and development of crude oil and natural gas resources in Brazil. It also holds an interest in more than twenty licenses totaling around 164,000 acres in four different producing basins in Brazil.