SUME (Summer Energy Holdings) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Summer Energy Holdings 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. Summer Energy Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Summer Energy Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.01). It may suggest that Summer Energy Holdings is progressively becoming more dependent on debt to grow their business.

Summer Energy Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Summer Energy Holdings'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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Summer Energy Holdings LT-Debt-to-Total-Asset Chart

Summer Energy Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.20

0.09

0.01

Summer Energy Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.01	0.01	0.01	0.01

Summer Energy Holdings LT-Debt-to-Total-Asset Calculation

Summer Energy Holdings'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 )
	=	1.315	/	93.038
	=	0.01

Summer Energy Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1.194	/	90.312
	=	0.01

Summer Energy Holdings (OTCPK:SUME) 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.

Summer Energy Holdings LT-Debt-to-Total-Asset Related Terms

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Summer Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Summer Energy Holdings Inc (OTCPK:SUME) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5847 San Felipe Street, Suite 3700, Houston, TX, USA, 77057

Website

https://www.summerenergy.com

Summer Energy Holdings Inc operates as a retail electricity provider. The company sells electricity and provides related billing, customer service, collections, and remittance services to residential and commercial customers. It derives revenue from the sale of electricity to residential and small commercial customers.

Executives

Jaleea Pyle George	director, officer: CFO, Secretary	5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
James P Stapleton	director
Andrew Bursten	director	800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Jeffery Mace Meeks	director	800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Tom Davis Oleary	director, 10 percent owner	5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
Stuart Charles Gaylor	director	7807 MAIN STREET, HOUSTON TX 77030
Neil Leibman	director, 10 percent owner, officer: CEO, President	5847 SAN FELIPE STREET, #3700, HOUSTON TX 77057
Kelli Jean Mitchell	officer: Chief Operating Officer	5847 SAN FELIPE STREET, SUITE 3700, HOUSTON TX 77057
Albert Jr Larose	director	24918 PALMER COVE DRIVE, SPRING TX 77389
Angela Hanley	officer: Sr VP of Operations & Mktg	800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Maa Holdings, Ltd.	10 percent owner	515 W. FRIAR TUCK LANE, HOUSTON TX 77024
Michael D Vanderhoof	director	PO BOX 715, OAKLEY UT 84055
Tom M. Davis Family Lands Trust	10 percent owner	800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Meryl Lee Roberts	10 percent owner	800 BERING DRIVE, SUITE 260, HOUSTON TX 77057
Andrew J. Priest	director	800 BERING DRIVE, SUITE 260, HOUSTON TX 77057

Summer Energy Holdings Headlines

From GuruFocus

Summer Energy Holdings Inc (sume) CFO, Secretary Jaleea Pyle George Bought $205,880 of Shares

By [email protected] insider • 06-24-2020