Petroteq Energy (STU:PQCF) LT-Debt-to-Total-Asset : 0.01 (As of May. 2022)

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What is Petroteq 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. Petroteq Energy's long-term debt to total assests ratio for the quarter that ended in May. 2022 was 0.01.

Petroteq Energy's long-term debt to total assets ratio declined from May. 2021 (0.02) to May. 2022 (0.01). It may suggest that Petroteq Energy is progressively becoming less dependent on debt to grow their business.

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

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

Petroteq Energy Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

LT-Debt-to-Total-Asset

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0.04

0.02

0.01

0.02

Petroteq Energy Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

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

Petroteq Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2021 is calculated as

LT Debt to Total Assets (A: Aug. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2021 )	/	Total Assets (A: Aug. 2021 )
	=	1.23	/	68.88
	=	0.02

Petroteq Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2022 is calculated as

LT Debt to Total Assets (Q: May. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2022 )	/	Total Assets (Q: May. 2022 )
	=	0.358	/	76.772
	=

Petroteq Energy (STU:PQCF) 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.

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

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Petroteq Energy (STU:PQCF) Business Description

Industry

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

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Address

15315 W. Magnolia Boulevard, Suite 120, Sherman Oaks, CA, USA, 91403

Website

https://www.petroteq.energy

Petroteq Energy Inc is a fully integrated oil and gas company focused on the development and implementation of new proprietary technology for oil extraction. The company operated in two reportable segments being Oil Extraction and Processing Operations and Mining Operations. It generates revenue from the sale of hydrocarbon.

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