SKYQ (Sky Quarry) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Sky Quarry 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. Sky Quarry's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.11.

Sky Quarry's long-term debt to total assets ratio increased from . 20 (0.00) to Dec. 2024 (0.11). It may suggest that Sky Quarry is progressively becoming more dependent on debt to grow their business.

Sky Quarry LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sky Quarry'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.

* Premium members only.

Sky Quarry LT-Debt-to-Total-Asset Chart

Sky Quarry Annual Data

Trend

Dec23

Dec24

LT-Debt-to-Total-Asset

0.08

0.11

Sky Quarry Quarterly Data
	Sep23	Dec23	Sep24	Dec24
LT-Debt-to-Total-Asset	-	0.08	0.08	0.11

Sky Quarry LT-Debt-to-Total-Asset Calculation

Sky Quarry'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 )
	=	3.05	/	26.947
	=	0.11

Sky Quarry'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 )
	=	3.05	/	26.947
	=	0.11

Sky Quarry (NAS:SKYQ) 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.

Sky Quarry LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Sky Quarry's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Sky Quarry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sky Quarry Inc (NAS:SKYQ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 W. 700 S, Suite 101, Woods Cross, UT, USA, 84087

Website

https://www.skyquarry.com

Sky Quarry Inc is a development-stage oil-producing and refining company. The company along with its subsidiaries is engaged in deploying technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated soils. The recycling and production of oil from asphalt shingles is expected to reduce the dependence on landfills for the disposal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses.