NuVista Energy (TSX:NVA) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is NuVista 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. NuVista Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

NuVista Energy's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.09). It may suggest that NuVista Energy is progressively becoming less dependent on debt to grow their business.

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

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

NuVista Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.33

0.22

0.12

0.10

NuVista Energy 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															0.10	0.10	0.11	0.10	0.09

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

NuVista 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 )
	=	298.553	/	3058.053
	=	0.10

NuVista Energy'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 )
	=	314.609	/	3339.971
	=	0.09

NuVista Energy (TSX:NVA) 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.

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

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NuVista Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NuVista Energy Ltd (TSX:NVA) » Definitions » LT-Debt-to-Total-Asset

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NUVSF:USA NVG:Germany

Address

525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1

Website

https://nvaenergy.com

NuVista Energy Ltd engages in the exploration, delineation, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the portion of hydrocarbon production for NuVista. To improve service assets and production in this area, the firm operates compressor and dehydration stations.

Executives

Kevin Garth Asman	Senior Officer
Jonathan Andrew Wright	Senior Officer
Christopher Mark Alessandro Legrow	Senior Officer
Michael Lawford	Senior Officer
Joshua Thomas Truba	Senior Officer
Ryan Daniel Paulgaard	Senior Officer
Keith A.j. Macphail	Director, Senior Officer
Ivan J. Condic	Senior Officer
Paramount Resources Ltd.	10% Security Holder
Kathy Holzhauser	Director
Ross Lloyd Andreachuk	Senior Officer
Gmt Capital Corp	10% Security Holder
Ronald J.m. Poelzer	Director
Pentti Olavi Karkkainen	Director
Deborah Susan Stein	Director