Pine Cliff Energy (TSX:PNE) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Pine Cliff 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. Pine Cliff Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Pine Cliff Energy's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.11). It may suggest that Pine Cliff Energy is progressively becoming more dependent on debt to grow their business.

Pine Cliff Energy LT-Debt-to-Total-Asset Historical Data

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

Pine Cliff Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.22

0.12

0.01

0.10

Pine Cliff Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.10	0.11

Pine Cliff Energy LT-Debt-to-Total-Asset Calculation

Pine Cliff 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 )
	=	48.578	/	477.072
	=	0.10

Pine Cliff Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	46.9	/	445.631
	=	0.11

Pine Cliff Energy (TSX:PNE) 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.

Pine Cliff Energy LT-Debt-to-Total-Asset Related Terms

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Pine Cliff Energy (TSX:PNE) Business Description

Industry

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

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PIFYF:USA

Address

1015 - 4th Street South West, Suite 850, Calgary, AB, CAN, T2R 1J4

Website

http://www.pinecliffenergy.com

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.

Executives

Calvin Blain Jacober

Director

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