Primeline Energy Holdings (TSXV:PEH.H) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2019)

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What is Primeline Energy Holdings 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. Primeline Energy Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2019 was 0.00.

Primeline Energy Holdings's long-term debt to total assets ratio declined from Dec. 2018 (0.45) to Dec. 2019 (0.00). It may suggest that Primeline Energy Holdings is progressively becoming less dependent on debt to grow their business.

Primeline Energy Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Primeline Energy Holdings'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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Primeline Energy Holdings LT-Debt-to-Total-Asset Chart

Primeline Energy Holdings Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

LT-Debt-to-Total-Asset

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0.59

0.04

0.58

0.47

Primeline Energy Holdings Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	-	-	-	-

Primeline Energy Holdings LT-Debt-to-Total-Asset Calculation

Primeline Energy Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2019 is calculated as

LT Debt to Total Assets (A: Mar. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2019 )	/	Total Assets (A: Mar. 2019 )
	=	0	/	333.614
	=	0.00

Primeline Energy Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (Q: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2019 )	/	Total Assets (Q: Dec. 2019 )
	=	0	/	280.921
	=	0.00

Primeline Energy Holdings (TSXV:PEH.H) 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.

Primeline Energy Holdings LT-Debt-to-Total-Asset Related Terms

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Primeline Energy Holdings (TSXV:PEH.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Primeline Energy Holdings Inc (TSXV:PEH.H) » Definitions » LT-Debt-to-Total-Asset

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Address

88 Tai Tam Reservoir Road, Hong Kong Parkview, Hong Kong, HKG

Website

http://www.primelineenergy.com

Primeline Energy Holdings Inc is engaged in the exploration, development, and production of offshore oil and gas properties in the People's Republic of China. It owns a right in the East China Sea in relation to Petroleum Contract 25/34 and Petroleum Contract 33/07. The company derives revenue from Natural gas, CO2, Condensate, Light Oil and LPG.

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