Stampede Drilling (TSXV:SDI) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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What is Stampede Drilling 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. Stampede Drilling's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.13.

Stampede Drilling's long-term debt to total assets ratio declined from Dec. 2023 (0.15) to Dec. 2024 (0.13). It may suggest that Stampede Drilling is progressively becoming less dependent on debt to grow their business.

Stampede Drilling LT-Debt-to-Total-Asset Historical Data

The historical data trend for Stampede Drilling'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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Stampede Drilling LT-Debt-to-Total-Asset Chart

Stampede Drilling Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.10

0.08

0.09

0.15

0.13

Stampede Drilling 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															0.15	0.14	0.15	0.13	0.13

Stampede Drilling LT-Debt-to-Total-Asset Calculation

Stampede Drilling'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 )
	=	15.934	/	120.793
	=	0.13

Stampede Drilling'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 )
	=	15.934	/	120.793
	=	0.13

Stampede Drilling (TSXV:SDI) 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.

Stampede Drilling LT-Debt-to-Total-Asset Related Terms

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Stampede Drilling Business Description

Industry

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

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STPDF:USA

Address

700 - 9th Avenue SW, Suite 2600, South Tower, Calgary, AB, CAN, T2P 3V4

Website

https://www.stampededrilling.com

Stampede Drilling Inc offers oilfield services and drilling services to the oil and natural gas industry in the Western Canadian Sedimentary Basin (WCSB).

Executives

Thane Geoffrey Russell	Director
Jeffrey Schab	Senior Officer
Edward Langdon Oke	Senior Officer
Andrew Ross	Director
Terry Brian Kuiper	Senior Officer
Tim Alan Beatty	Director
Apex Investment Limited Partnership	10% Security Holder
Elson John Mcdougald	Director
Lyle Clarence Whitmarsh	Director, Senior Officer
Rodger Glen Hawkins	Director
Matthew Philip Andrade	Director