PrairieSky Royalty (TSX:PSK) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is PrairieSky Royalty 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. PrairieSky Royalty's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

PrairieSky Royalty's long-term debt to total assets ratio declined from Dec. 2023 (0.06) to Dec. 2024 (0.03). It may suggest that PrairieSky Royalty is progressively becoming less dependent on debt to grow their business.

PrairieSky Royalty LT-Debt-to-Total-Asset Historical Data

The historical data trend for PrairieSky Royalty'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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PrairieSky Royalty LT-Debt-to-Total-Asset Chart

PrairieSky Royalty Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.18

0.06

0.03

PrairieSky Royalty 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															0.06	-	-	-	0.03

PrairieSky Royalty LT-Debt-to-Total-Asset Calculation

PrairieSky Royalty'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 )
	=	95.5	/	3208.4
	=	0.03

PrairieSky Royalty'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 )
	=	95.5	/	3208.4
	=	0.03

PrairieSky Royalty (TSX:PSK) 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.

PrairieSky Royalty LT-Debt-to-Total-Asset Related Terms

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PrairieSky Royalty Business Description

Industry

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

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PREKF:USA 7PS:Germany

Address

350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9

Website

https://www.prairiesky.com

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

Executives

Daniel James Bertram	Senior Officer
Anna Marie Alderson	Director
Andrew Phillips	Senior Officer
Margaret Anne Mckenzie	Director
Michael Tikal Murphy	Senior Officer
Leanne M. Bellegarde	Director
Glenn Mcnamara	Director
Anuroop Duggal	Director
Pamela Pearl Kazeil	Senior Officer
Robert Edward Robotti	Director
Jane Gavan	Director
Cameron Maclean Proctor	Senior Officer
Myron Maurice Stadnyk	Director
Prairiesky Royalty Ltd.	Issuer
James Estey	Director