RUBLF (Rubellite Energy) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2024)

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What is Rubellite 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. Rubellite Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.23.

Rubellite Energy's long-term debt to total assets ratio increased from Dec. 2023 (0.11) to Dec. 2024 (0.23). It may suggest that Rubellite Energy is progressively becoming more dependent on debt to grow their business.

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

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

Rubellite Energy Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.06

0.11

0.23

Rubellite Energy Quarterly Data
	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									0.11	0.14	0.11	0.21	0.23

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

Rubellite 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 )
	=	89.511	/	394.899
	=	0.23

Rubellite 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 )
	=	89.511	/	394.899
	=	0.23

Rubellite Energy (OTCPK:RUBLF) 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.

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

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Rubellite Energy Business Description

Industry

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

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Traded in Other Exchanges

6L00:Germany RBY:Canada

Address

605 5th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

https://www.rubelliteenergy.com

Rubellite Energy Corp is an oil and natural gas exploration and production company. The company is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The company is also engaged in the production of conventional heavy crude oil from the Clearwater Formation in Eastern Alberta. The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.