Boomerang Oil (XCNQ:BOI) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2015)

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What is Boomerang Oil 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. Boomerang Oil's long-term debt to total assests ratio for the quarter that ended in Jun. 2015 was 0.00.

Boomerang Oil's long-term debt to total assets ratio stayed the same from Jun. 2014 (0.00) to Jun. 2015 (0.00).

Boomerang Oil LT-Debt-to-Total-Asset Historical Data

The historical data trend for Boomerang Oil'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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Boomerang Oil LT-Debt-to-Total-Asset Chart

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

LT-Debt-to-Total-Asset

Boomerang Oil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										-	-	-	-	-

Boomerang Oil LT-Debt-to-Total-Asset Calculation

Boomerang Oil's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2014 is calculated as

LT Debt to Total Assets (A: Sep. 2014 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2014 )	/	Total Assets (A: Sep. 2014 )
	=	0	/	1.208
	=	0.00

Boomerang Oil's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2015 is calculated as

LT Debt to Total Assets (Q: Jun. 2015 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2015 )	/	Total Assets (Q: Jun. 2015 )
	=	0	/	1.242
	=	0.00

Boomerang Oil (XCNQ:BOI) 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.

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Boomerang Oil (XCNQ:BOI) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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