Wescan Energy (TSXV:WCE) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Wescan 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. Wescan Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.27.

Wescan Energy's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.27). It may suggest that Wescan Energy is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Wescan 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.

* Premium members only.

Wescan Energy LT-Debt-to-Total-Asset Chart

Wescan Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

Wescan Energy 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															-	0.01	0.28	0.28	0.27

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

Wescan Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0.038	/	6.055
	=	0.01

Wescan Energy'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 )
	=	1.518	/	5.689
	=	0.27

Wescan Energy (TSXV:WCE) 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.

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

Thank you for viewing the detailed overview of Wescan Energy's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Wescan Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wescan Energy Corp (TSXV:WCE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

520 - 5th Avenue SW, Suite 2500, Calgary, AB, CAN, T2P 3R5

Website

https://www.wescanenergycorp.com

Wescan Energy Corp is in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, U.S.A. It operates in a single reporting segment which is Oil and Gas Exploration and Production.

Executives

Shubham Garg	Director
Gregory Timothy John Busby	Director, Senior Officer
Leo Berezan	10% Security Holder
Alfredo Cu	Director

Wescan Energy Headlines

No Headlines