TRMLF (Tourmaline Oil) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Tourmaline Oil 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. Tourmaline Oil's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Tourmaline Oil's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.07). It may suggest that Tourmaline Oil is progressively becoming more dependent on debt to grow their business.

Tourmaline Oil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tourmaline Oil'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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Tourmaline Oil LT-Debt-to-Total-Asset Chart

Tourmaline Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.06

0.03

0.06

Tourmaline Oil 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															0.03	0.06	0.07	0.07	0.07

Tourmaline Oil LT-Debt-to-Total-Asset Calculation

Tourmaline Oil'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 )
	=	835.38	/	14980.154
	=	0.06

Tourmaline Oil'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 )
	=	1050.222	/	14945.999
	=	0.07

Tourmaline Oil (OTCPK:TRMLF) 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.

Tourmaline Oil LT-Debt-to-Total-Asset Related Terms

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Tourmaline Oil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tourmaline Oil Corp (OTCPK:TRMLF) » Definitions » LT-Debt-to-Total-Asset

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08T:Germany TOU:Canada

Address

250 - 6th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 3H7

Website

https://www.tourmalineoil.com

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.