Shoal Point Energy (Shoal Point Energy) LT-Debt-to-Total-Asset : 0.15 (As of Oct. 2023)

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What is Shoal Point 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. Shoal Point Energy's long-term debt to total assests ratio for the quarter that ended in Oct. 2023 was 0.15.

Shoal Point Energy's long-term debt to total assets ratio increased from Oct. 2022 (0.06) to Oct. 2023 (0.15). It may suggest that Shoal Point Energy is progressively becoming more dependent on debt to grow their business.

Shoal Point Energy LT-Debt-to-Total-Asset Historical Data

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

Shoal Point Energy Annual Data

Trend

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Jan23

LT-Debt-to-Total-Asset

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0.23

Shoal Point Energy Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.23	0.14	0.17	0.15

Shoal Point Energy LT-Debt-to-Total-Asset Calculation

Shoal Point Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

LT Debt to Total Assets (A: Jan. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2023 )	/	Total Assets (A: Jan. 2023 )
	=	0.022	/	0.097
	=	0.23

Shoal Point Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

LT Debt to Total Assets (Q: Oct. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2023 )	/	Total Assets (Q: Oct. 2023 )
	=	0.022	/	0.145
	=	0.15

Shoal Point Energy (OTCPK:SHPNF) 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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Shoal Point Energy (Shoal Point Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shoal Point Energy Ltd (OTCPK:SHPNF) » Definitions » LT-Debt-to-Total-Asset

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SHP:Canada

Address

700 West Pender Street, Suite 203, Vancouver, BC, CAN, V6C 1G8

Website

https://www.shoalpointenergy.com

Shoal Point Energy Ltd is a petroleum exploration and development company. It is in the exploration stage of exploring its oil and natural gas properties. It entered into a farm-in agreement with Shelby Resources LLC to explore and develop Mount Evans oil and gas prospects in Kansas.

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