TXHE (Texhoma Energy) LT-Debt-to-Total-Asset : 1.68 (As of Jun. 2008)

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What is Texhoma 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. Texhoma Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2008 was 1.68.

Texhoma Energy's long-term debt to total assets ratio increased from Jun. 2007 (1.25) to Jun. 2008 (1.68). It may suggest that Texhoma Energy is progressively becoming more dependent on debt to grow their business.

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

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

Texhoma Energy Annual Data

Trend

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

LT-Debt-to-Total-Asset

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1.09

1.39

Texhoma Energy Quarterly Data
	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															1.25	1.39	1.51	1.56	1.68

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

Texhoma Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2007 is calculated as

LT Debt to Total Assets (A: Sep. 2007 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2007 )	/	Total Assets (A: Sep. 2007 )
	=	8.155	/	5.87
	=	1.39

Texhoma Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2008 is calculated as

LT Debt to Total Assets (Q: Jun. 2008 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2008 )	/	Total Assets (Q: Jun. 2008 )
	=	7.932	/	4.727
	=	1.68

Texhoma Energy (GREY:TXHE) 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.

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

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Texhoma Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texhoma Energy Inc (GREY:TXHE) » Definitions » LT-Debt-to-Total-Asset

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Address

24624 I-45 North, Suite 200, Spring, TX, USA, 77386

Website

http://www.texhomaenergy.com

Texhoma Energy Inc is an oil and gas company. It is primarily engaged in the acquisition, exploration, and development of crude oil and natural gas properties. The company holds interests in approximately five oil wells located on the Shooter 916 lease located in Ochiltree County, Texas. It also holds interests in the Tonto North 390 B No. 3 well located in Scurry County, Texas. The firm has various non-operated working interests in approximately eight wells located in Gregg and Upshur Counties, Texas.

Texhoma Energy Headlines

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