Twin Butte Energy (Twin Butte Energy) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2016)

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What is Twin Butte 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. Twin Butte Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2016 was 0.23.

Twin Butte Energy's long-term debt to total assets ratio declined from Jun. 2015 (0.33) to Jun. 2016 (0.23). It may suggest that Twin Butte Energy is progressively becoming less dependent on debt to grow their business.

Twin Butte Energy LT-Debt-to-Total-Asset Historical Data

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

Twin Butte Energy Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

LT-Debt-to-Total-Asset

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0.24

0.22

0.28

0.31

0.36

Twin Butte Energy Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.34	0.36	0.15	0.23

Twin Butte Energy LT-Debt-to-Total-Asset Calculation

Twin Butte Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as

LT Debt to Total Assets (A: Dec. 2015 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2015 )	/	Total Assets (A: Dec. 2015 )
	=	146.077	/	410.801
	=	0.36

Twin Butte Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2016 is calculated as

LT Debt to Total Assets (Q: Jun. 2016 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2016 )	/	Total Assets (Q: Jun. 2016 )
	=	62.794	/	276.841
	=	0.23

Twin Butte Energy (OTCPK:TBTEF) 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.

Twin Butte Energy LT-Debt-to-Total-Asset Related Terms

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Twin Butte Energy (Twin Butte Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Twin Butte Energy Ltd (OTCPK:TBTEF) » Definitions » LT-Debt-to-Total-Asset

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Address

410, 396 11th Avenue SW, Suite 410, Calgary, AB, CAN, T2R 0C5

Website

http://www.twinbutteenergy.com

Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.

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