WTXR (West Texas Resources) LT-Debt-to-Total-Asset: 0.00 (As of Sep. 2023)

What is West Texas Resources LT-Debt-to-Total-Asset?

West Texas Resources WTXR +3.90% LT-Debt-to-Total-Asset is 0.00 as of Sep. 2023.

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. West Texas Resources's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

West Texas Resources's long-term debt to total assets ratio stayed the same from Mar. 2017 (0.00) to Sep. 2023 (0.00).

West Texas Resources (OTCPK:WTXR) 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.

West Texas Resources LT-Debt-to-Total-Asset Related Terms

West Texas Resources LT-Debt-to-Total-Asset Historical Data

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The historical data trend for West Texas Resources'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.

West Texas Resources LT-Debt-to-Total-Asset Chart

West Texas Resources Annual Data

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LT-Debt-to-Total-Asset

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West Texas Resources Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Sep22	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

West Texas Resources LT-Debt-to-Total-Asset Calculation

West Texas Resources's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2016 is calculated as

LT Debt to Total Assets (A: Sep. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2016 )	/	Total Assets (A: Sep. 2016 )
	=	0	/	0.294
	=	0.00

West Texas Resources's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0	/	0.156
	=

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.00 mean?

West Texas Resources (WTXR) has a LT-Debt-to-Total-Asset of 0.00 as of Sep. 2023. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on West Texas Resources and its competitors.

Is West Texas Resources' LT-Debt-to-Total-Asset too high?

West Texas Resources' current LT-Debt-to-Total-Asset is 0.00.

How does West Texas Resources' LT-Debt-to-Total-Asset compare to GSPE and FECOF?

West Texas Resources' LT-Debt-to-Total-Asset of 0.00 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?

A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on West Texas Resources and its competitors. West Texas Resources's current LT-Debt-to-Total-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is West Texas Resources stock overvalued right now?

West Texas Resources (WTXR) has a current LT-Debt-to-Total-Asset of 0.00. The current LT-Debt-to-Total-Asset is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For West Texas Resources (WTXR), the current LT-Debt-to-Total-Asset is 0.00 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

West Texas Resources Business Description

Industry Energy Oil & Gas

Comparable Companies GSPE FECOF VBHI ALTX AMNI MMEX BBLS ROYL SPOWF DBRM COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN

Address 2628 TX 36 South, Suite 307, Brenham, TX, USA, 77833

Website https://www.westtexasresourcesinc.com

West Texas Resources Inc is a United States-based company engaged in the acquisition, exploration, and development of oil and gas properties in North America. The company generates income from leased interests in oil properties in North America.