Journey Energy (TSX:JOY) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Journey 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. Journey Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Journey Energy's long-term debt to total assets ratio increased from Dec. 2023 (0.02) to Dec. 2024 (0.06). It may suggest that Journey Energy is progressively becoming more dependent on debt to grow their business.

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

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

Journey Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.21

0.12

0.06

0.02

0.06

Journey Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.06	0.06	0.06

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

Journey Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	35.59	/	585.377
	=	0.06

Journey Energy'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 )
	=	35.59	/	585.377
	=	0.06

Journey Energy (TSX:JOY) 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.

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

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Journey Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » LT-Debt-to-Total-Asset

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JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Executives

Alexander G. Verge	Director, Senior Officer
Scott Antony Treadwell	Director
Craig Henry Hansen	Director
Gerald Gilewicz	Senior Officer
Reginald Stevenson Smith	Director
Aaron P Bell	Senior Officer
Jenna Kaye	Director
Brett Boklaschuk	Issuer
Tom Mullane	Director
Jeffrey Keith Bowers	Director