Strathcona Resources (TSX:SCR) Debt-to-Asset : 0.29 (As of Mar. 2024)

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What is Strathcona Resources Debt-to-Asset?

Strathcona Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$48 Mil. Strathcona Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$2,995 Mil. Strathcona Resources's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was C$10,598 Mil. Strathcona Resources's debt to asset for the quarter that ended in Mar. 2024 was 0.29.

Strathcona Resources Debt-to-Asset Historical Data

The historical data trend for Strathcona Resources's Debt-to-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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Strathcona Resources Debt-to-Asset Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Debt-to-Asset

0.36

0.29

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial			0.36	-	0.24	0.29	0.29

Competitive Comparison of Strathcona Resources's Debt-to-Asset

For the Oil & Gas E&P subindustry, Strathcona Resources's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Strathcona Resources's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Strathcona Resources's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Strathcona Resources's Debt-to-Asset falls into.

Strathcona Resources Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Strathcona Resources's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(43.8	+	3027.4)	/	10496.9
	=	0.29

Strathcona Resources's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(47.7	+	2995.1)	/	10597.8
	=	0.29

Strathcona Resources (TSX:SCR) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Strathcona Resources Debt-to-Asset Related Terms

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Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.