Zefiro Methane (STU:Y6B) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2024)

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What is Zefiro Methane 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. Zefiro Methane's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.22.

Zefiro Methane's long-term debt to total assets ratio declined from Dec. 2023 (0.26) to Dec. 2024 (0.22). It may suggest that Zefiro Methane is progressively becoming less dependent on debt to grow their business.

Zefiro Methane LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zefiro Methane'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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Zefiro Methane LT-Debt-to-Total-Asset Chart

Zefiro Methane Annual Data

Trend

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.19

0.22

Zefiro Methane Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.26	0.31	0.22	0.21	0.22

Zefiro Methane LT-Debt-to-Total-Asset Calculation

Zefiro Methane's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	5.777	/	26.914
	=	0.21

Zefiro Methane'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 )
	=	5.206	/	23.516
	=	0.22

Zefiro Methane (STU:Y6B) 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.

Zefiro Methane LT-Debt-to-Total-Asset Related Terms

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Zefiro Methane Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zefiro Methane Corp (STU:Y6B) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ZEFIF:USA ZEFI:Canada

Address

2501 - 550 Burrard Street, Vancouver, BC, CAN, V6C 2B5

Website

https://www.zefiromethane.com

Zefiro Methane Corp provides end-of-life solutions for industrial oil and gas operations that emit harmful greenhouse gas (GHG) emissions, specifically methane released from orphaned and abandoned oil and gas wells or associated midstream assets. It generates carbon credits, which can then be sold into carbon credit markets, by reducing methane emissions through the plugging of orphaned and abandoned oil and gas wells. Its services include methane testing, quantification, and monitoring, asset retirement and methane abatement, and carbon offset generation among others. It has a single segment, being the provider of a range of turnkey solutions to plug onshore oil and gas wells across the Appalachian Basin. It operates in the United States which generates all of its revenue, and Canada.

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