Seapeak LLC (Seapeak LLC) LT-Debt-to-Total-Asset : 0.45 (As of Mar. 2024)

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What is Seapeak LLC 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. Seapeak LLC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.45.

Seapeak LLC's long-term debt to total assets ratio increased from Mar. 2023 (0.42) to Mar. 2024 (0.45). It may suggest that Seapeak LLC is progressively becoming more dependent on debt to grow their business.

Seapeak LLC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seapeak LLC'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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Seapeak LLC LT-Debt-to-Total-Asset Chart

Seapeak LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.52

0.50

0.44

0.43

Seapeak LLC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.42	0.43	0.43	0.45

Seapeak LLC LT-Debt-to-Total-Asset Calculation

Seapeak LLC'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 )
	=	2441.988	/	5661.601
	=	0.43

Seapeak LLC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2520.928	/	5620.397
	=	0.45

Seapeak LLC (NYSE:SEALpA.PFD) 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.

Seapeak LLC LT-Debt-to-Total-Asset Related Terms

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Seapeak LLC (Seapeak LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seapeak LLC (NYSE:SEALpA.PFD) » Definitions » LT-Debt-to-Total-Asset

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SEALpB.PFD:USA

Address

550 Burrard Street, Suite 2000, Bentall 5, Vancouver, BC, CAN, V6C 2K2

Website

https://www.seapeak.com

Seapeak LLC is a provider of marine transportation services for liquefied natural gas, liquefied petroleum gas and crude oil. The company operates into two segments namely: the LNG segment and the NGL segment. The Company has renamed its LPG segment as the NGL segment. LNG segment consists of LNG carriers which generally operate under long-term, fixed-rate charters to international energy companies. NGL segment consists of LPG, Ethane and multi-gas carriers which generally operate under voyage charters or time charters. It derives maximum revenue from the LNG segment. The majority of these services are provided through either a time charter, voyage charter, and bareboat charter contract.