RSRV (The Reserve Petroleum Co) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is The Reserve Petroleum Co 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. The Reserve Petroleum Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

The Reserve Petroleum Co's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.03). It may suggest that The Reserve Petroleum Co is progressively becoming less dependent on debt to grow their business.

The Reserve Petroleum Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Reserve Petroleum Co'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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The Reserve Petroleum Co LT-Debt-to-Total-Asset Chart

The Reserve Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

The Reserve Petroleum Co 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															0.03	0.03	0.03	0.03	0.03

The Reserve Petroleum Co LT-Debt-to-Total-Asset Calculation

The Reserve Petroleum Co'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 )
	=	1.159	/	36.387
	=	0.03

The Reserve Petroleum Co'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 )
	=	1.048	/	38.464
	=	0.03

The Reserve Petroleum Co (OTCPK:RSRV) 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.

The Reserve Petroleum Co LT-Debt-to-Total-Asset Related Terms

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The Reserve Petroleum Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » The Reserve Petroleum Co (OTCPK:RSRV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6801 Broadway Extension, Suite 300, Oklahoma City, OK, USA, 73116-9037

Website

http://www.reserve-petro.com

The Reserve Petroleum Co is an independent oil and gas company engaged in oil and natural gas exploration, development and minerals management with areas of concentration in Arkansas, Kansas, Oklahoma, South Dakota, Texas, and Wyoming, a single business segment. The Company is also engaged in investments and joint ventures that are not significant business segments.

Executives

Cameron R Mclain	director, officer: PRESIDENT	805 GLEN EAGLES DR, EDMOND OK 73013
Lawrence Raymond Francis	officer: 1st VP & Secretary/Treasurer	6801 BROADWAY EXTENSION, SUITE 300, OKLAHOMA CITY OK 73116
John Mclain	director	6801 BROADWAY EXTENSION, SUITE 200, OKLAHOMA CITY OK 73116-9037
Robert T Mclain	director	6403 N. GRAND BLVD, SUITE 200, OKLAHOMA CITY OK 73116
Robert L Savage	director	8326 GLENWOOD AVENUE, OKLAHOMA CITY OK 73114
James L Tyler	director, officer: 2nd Vice President, Sec/Treas	7720 NW 102ND ST, OKLAHOMA CITY OK 73162-5314
Kyle L Mclain	other: Performs policy making functio	2301 STEEPLECHASE RD, EDMOND OK 73034
Mason W Mclain	director, 10 percent owner, officer: President

The Reserve Petroleum Co Headlines

From GuruFocus

Insider Buying: President Cameron Mclain Acquires 165 Shares of The Reserve Petroleum Co

By GuruFocus Research • 08-30-2023