Civitas Resources (STU:B2C) LT-Debt-to-Total-Asset : 0.32 (As of Sep. 2024)

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What is Civitas Resources 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. Civitas Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.32.

Civitas Resources's long-term debt to total assets ratio increased from Sep. 2023 (0.29) to Sep. 2024 (0.32). It may suggest that Civitas Resources is progressively becoming more dependent on debt to grow their business.

Civitas Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Civitas Resources'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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Civitas Resources LT-Debt-to-Total-Asset Chart

Civitas Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.02

0.08

0.05

0.34

Civitas Resources 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															0.29	0.34	0.29	0.33	0.32

Civitas Resources LT-Debt-to-Total-Asset Calculation

Civitas Resources'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 )
	=	4434.586	/	12927.242
	=	0.34

Civitas Resources'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 )
	=	4362.212	/	13522.021
	=	0.32

Civitas Resources (STU:B2C) 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.

Civitas Resources LT-Debt-to-Total-Asset Related Terms

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Civitas Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Civitas Resources Inc (STU:B2C) » Definitions » LT-Debt-to-Total-Asset

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CIVI:USA

Address

555 17th Street, Suite 3700, Denver, CO, USA, 80202

Website

https://www.civitasresources.com

Civitas Resources Inc is an independent exploration and production company engaged in the acquisition, development, and production of oil and associated liquids-rich natural gas in the Rocky Mountain region, in the Denver-Julesburg Basin of Colorado (DJ Basin). The company's operations are focused on developing the horizontal Niobrara and Codell formations that have a low-cost structure, mature infrastructure, production efficiencies, multiple producing horizons, multiple service providers, established reserves, and prospective drilling opportunities.

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