Peyto Exploration & Development (TSX:PEY) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2024)

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What is Peyto Exploration & Development 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. Peyto Exploration & Development's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.24.

Peyto Exploration & Development's long-term debt to total assets ratio declined from Dec. 2023 (0.24) to Dec. 2024 (0.24). It may suggest that Peyto Exploration & Development is progressively becoming less dependent on debt to grow their business.

Peyto Exploration & Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Peyto Exploration & Development'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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Peyto Exploration & Development LT-Debt-to-Total-Asset Chart

Peyto Exploration & Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.33

0.28

0.19

0.24

Peyto Exploration & Development 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															0.24	0.24	0.23	0.22	0.24

Peyto Exploration & Development LT-Debt-to-Total-Asset Calculation

Peyto Exploration & Development'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 )
	=	1302.801	/	5505.89
	=	0.24

Peyto Exploration & Development'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 )
	=	1302.801	/	5505.89
	=	0.24

Peyto Exploration & Development (TSX:PEY) 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.

Peyto Exploration & Development LT-Debt-to-Total-Asset Related Terms

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Peyto Exploration & Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Peyto Exploration & Development Corp (TSX:PEY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PEYUF:USA 0VCO:UK PXK:Germany PXK:Germany

Address

600 - 3rd Avenue SW, Suite 300, Calgary, AB, CAN, T2P 0G5

Website

https://www.peyto.com

Peyto Exploration & Development Corp is a Canadian energy company involved in the development and production of oil and natural gas. It conducts exploration, development, and production activities in Canada. Substantial revenue is generated from Natural gas and natural gas liquid sales.

Executives

Don Gray	Director
Jean-paul Henri Lachance	Director, Senior Officer
Tavis Aaron Carlson	Senior Officer
Lee Russell Curran	Senior Officer
Stephen Jonathan Chetner	Director
Todd Burdick	Senior Officer
Derick Nathan Czember	Senior Officer
Riley Millar Frame	Senior Officer
Nicki Stevens	Director
Kathy Turgeon	Senior Officer
Debra Gerlach	Director
Darren Gee	Director
Scott Robinson	Senior Officer
David Alan Thomas	Senior Officer
Brian Davis	Director