NXT Energy Solutions (TSX:SFD) LT-Debt-to-Total-Asset : 0.46 (As of Dec. 2024)

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What is NXT Energy Solutions 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. NXT Energy Solutions's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.46.

NXT Energy Solutions's long-term debt to total assets ratio increased from Dec. 2023 (0.16) to Dec. 2024 (0.46). It may suggest that NXT Energy Solutions is progressively becoming more dependent on debt to grow their business.

NXT Energy Solutions LT-Debt-to-Total-Asset Historical Data

The historical data trend for NXT Energy Solutions'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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NXT Energy Solutions LT-Debt-to-Total-Asset Chart

NXT Energy Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.11

0.09

0.16

0.46

NXT Energy Solutions 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															0.16	0.29	0.53	0.55	0.46

NXT Energy Solutions LT-Debt-to-Total-Asset Calculation

NXT Energy Solutions'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 )
	=	6.469	/	14.026
	=	0.46

NXT Energy Solutions'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 )
	=	6.469	/	14.026
	=	0.46

NXT Energy Solutions (TSX:SFD) 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.

NXT Energy Solutions LT-Debt-to-Total-Asset Related Terms

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NXT Energy Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NXT Energy Solutions Inc (TSX:SFD) » Definitions » LT-Debt-to-Total-Asset

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NSFDF:USA

Address

3320 -17th Avenue SW, Suite 302, Calgary, AB, CAN, T3E 0B4

Website

https://www.nxtenergy.com

NXT Energy Solutions Inc is a Canadian company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system. The SFD is an airborne survey system that is used in the oil and natural gas exploration industry to help in identifying areas with hydrocarbon reservoir potential. The SFD system is used to accelerate onshore and offshore exploration over any terrain with the objective of reducing the total time, cost and risk of the exploration cycle, with no environmental footprint or community impact.

Executives

Jeffrey Tilson	Director
Chee Pheng Cheng	10% Security Holder
Bruce G. Wilcox	Director, Senior Officer
John Tilson	Director
Eugene Darryl Woychyshyn	Senior Officer