NewMed Energy LP (XTAE:NWMD) LT-Debt-to-Total-Asset : 0.45 (As of Dec. 2023)

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What is NewMed Energy LP 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. NewMed Energy LP's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.45.

NewMed Energy LP's long-term debt to total assets ratio increased from Dec. 2022 (0.44) to Dec. 2023 (0.45). It may suggest that NewMed Energy LP is progressively becoming more dependent on debt to grow their business.

NewMed Energy LP LT-Debt-to-Total-Asset Historical Data

The historical data trend for NewMed Energy LP'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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NewMed Energy LP LT-Debt-to-Total-Asset Chart

NewMed Energy LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.59

0.62

0.58

0.44

0.45

NewMed Energy LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.44	0.43	0.48	0.47	0.45

NewMed Energy LP LT-Debt-to-Total-Asset Calculation

NewMed Energy LP'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 )
	=	6537.143	/	14471.716
	=	0.45

NewMed Energy LP's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	6537.143	/	14471.716
	=	0.45

NewMed Energy LP (XTAE:NWMD) 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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NewMed Energy LP (XTAE:NWMD) Business Description

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DKDRF:USA

Address

19 Abba Even Boulevard, Hertzliya Pituach, Hertzliya, ISR, 4672537

Website

https://www.newmedenergy.com

NewMed Energy LP is engaged in the exploration, development, and production of oil, condensate, and natural gas. It mainly markets fuel products across Israel and holds interests in several significant gas findings in the Mediterranean Sea region, which include, the Tamar finding, Leviathan finding, and Aphrodite finding in Cyprus.

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