Serinus Energy (WAR:SEN) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Serinus 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. Serinus Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Serinus Energy's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Serinus Energy is progressively becoming more dependent on debt to grow their business.

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

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

Serinus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.01

Serinus Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

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

Serinus 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 )
	=	1.66	/	307.694
	=	0.01

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2.82	/	303.645
	=	0.01

Serinus Energy (WAR:SEN) 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.

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

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Serinus Energy (WAR:SEN) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Serinus Energy PLC (WAR:SEN) » Definitions » LT-Debt-to-Total-Asset

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SNUYF:USA SENX:UK

Address

54 Bath Street, 2nd Floor, The Le Gallais Building, St Helier, JEY, JE1 1FW

Website

https://www.serinusenergy.com

Serinus Energy PLC operates as an oil exploration and development company. The company offers oil and gas production services and it has operations in Romania and Tunisia. The company currently holds three Tunisia concessions: the Sabria concession, the Chouech Es Saida concession, and the Ech Chouech concession. In Romania, it has one of the largest exploration blocks which is the Satu Mare concession.

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