Kiwetinohk Energy (TSX:KEC) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is Kiwetinohk 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. Kiwetinohk Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

Kiwetinohk Energy's long-term debt to total assets ratio increased from Dec. 2022 (0.14) to Dec. 2023 (0.20). It may suggest that Kiwetinohk Energy is progressively becoming more dependent on debt to grow their business.

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

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

Kiwetinohk Energy Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.14

0.20

Kiwetinohk Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.14	0.15	0.19	0.20	0.20

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

Kiwetinohk Energy'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 )
	=	216.771	/	1085.615
	=	0.20

Kiwetinohk Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	216.771	/	1085.615
	=	0.20

Kiwetinohk Energy (TSX:KEC) 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.

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

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Kiwetinohk Energy (TSX:KEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kiwetinohk Energy Corp (TSX:KEC) » Definitions » LT-Debt-to-Total-Asset

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KWTEF:USA

Address

250 - 2nd Street SW, Suite 1700, Calgary, AB, CAN, T2P 0C1

Website

https://www.kiwetinohk.com

Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture, and hydrogen clean energy projects.

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