Marksmen Energy (TSXV:MAH) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Marksmen 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. Marksmen Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Marksmen Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.20) to Dec. 2023 (0.03). It may suggest that Marksmen Energy is progressively becoming less dependent on debt to grow their business.

Marksmen Energy LT-Debt-to-Total-Asset Historical Data

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

Marksmen Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.20

0.03

Marksmen Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.20	0.21	0.21	0.03

Marksmen Energy LT-Debt-to-Total-Asset Calculation

Marksmen 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 )
	=	0.06	/	1.966
	=	0.03

Marksmen Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.06	/	1.966
	=	0.03

Marksmen Energy (TSXV:MAH) 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.

Marksmen Energy LT-Debt-to-Total-Asset Related Terms

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Marksmen Energy (TSXV:MAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marksmen Energy Inc (TSXV:MAH) » Definitions » LT-Debt-to-Total-Asset

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MKSEF:USA

Address

400 - 3rd Avenue S.W., Suite 500, Calgary, AB, CAN, T2P 2Z1

Website

https://marksmenenergy.com

Marksmen Energy Inc is involved in the acquisition, exploration, and development of petroleum and natural gas. The company's revenue is derived entirely through the sale of crude oil. Geographically, the group has a business presence in the United States and Canada.

Executives

Archibald Jonathon Nesbitt

Director

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