Whitecap Resources (TSX:WCP) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2024)

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What is Whitecap Resources 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. Whitecap Resources's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.11.

Whitecap Resources's long-term debt to total assets ratio declined from Dec. 2023 (0.14) to Dec. 2024 (0.11). It may suggest that Whitecap Resources is progressively becoming less dependent on debt to grow their business.

Whitecap Resources LT-Debt-to-Total-Asset Historical Data

The historical data trend for Whitecap Resources'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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Whitecap Resources LT-Debt-to-Total-Asset Chart

Whitecap Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.34

0.16

0.20

0.14

0.11

Whitecap Resources 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															0.14	0.15	0.13	0.12	0.11

Whitecap Resources LT-Debt-to-Total-Asset Calculation

Whitecap Resources'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 )
	=	1127.7	/	9950.1
	=	0.11

Whitecap Resources'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 )
	=	1127.7	/	9950.1
	=	0.11

Whitecap Resources (TSX:WCP) 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.

Whitecap Resources LT-Debt-to-Total-Asset Related Terms

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Whitecap Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Whitecap Resources Inc (TSX:WCP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SPGYF:USA J6I:Germany J6I:Germany

Address

525 - 8th Avenue South West, Suite 3800, Calgary, AB, CAN, T2P 1G1

Website

https://www.wcap.ca

Whitecap Resources Inc is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap's Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the revenue generator out of the basket of energy products sold.

Executives

Thanh Chan Kang	Senior Officer
Grant Bradley Fagerheim	Director, Senior Officer
Kenneth Stickland	Director
Grant A. Zawalsky	Director
Stephen Curtis Nikiforuk	Director
David Michael Mombourquette	Senior Officer
Joel Maxwell Armstrong	Senior Officer
Vineeta Maguire	Director
Glenn Mcnamara	Director
Bradley John Wall	Director
Chandra Henry	Director
Mary-jo Case	Director
Darin Roy Dunlop	Senior Officer
Gregory Scott Fletcher	Director
Daryl Harvey Gilbert	Director

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