Trillion Energy International (XCNQ:TCF) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Trillion Energy International 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. Trillion Energy International's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Trillion Energy International's long-term debt to total assets ratio declined from Sep. 2023 (0.19) to Sep. 2024 (0.00). It may suggest that Trillion Energy International is progressively becoming less dependent on debt to grow their business.

Trillion Energy International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Trillion Energy International'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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Trillion Energy International LT-Debt-to-Total-Asset Chart

Trillion Energy International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.01

0.17

Trillion Energy International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.17	0.17	-	-

Trillion Energy International LT-Debt-to-Total-Asset Calculation

Trillion Energy International'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 )
	=	13.718	/	78.631
	=	0.17

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	0.051	/	89.615
	=	0.00

Trillion Energy International (XCNQ:TCF) 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.

Trillion Energy International LT-Debt-to-Total-Asset Related Terms

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Trillion Energy International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trillion Energy International Inc (XCNQ:TCF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TRLEF:USA Z620:Germany Z620:Germany Z620:Germany

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.trillionenergy.com

Trillion Energy International Inc is an oil and gas-producing company with multiple assets throughout Turkey and Bulgaria. The company is 49% owner of the SASB natural gas field, one of the Black Sea's first natural gas development projects; a 19.6% (except three wells with 9.8%) ownership interest in the Cendere oil field; and Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. The company has three operating segments; North America, Turkey, and Bulgaria. It derives a majority of its revenue from Turkey.

Executives

Renata Kubicek	Senior Officer
Sean Stofer	Director
Barry Gordon Mcleod Wood	Director
David Thompson	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Arthur Alvin Halleran	Director, Senior Officer
Kubilay Yildirim	Director