Brooge Energy (Brooge Energy) LT-Debt-to-Total-Asset : 0.18 (As of Jun. 2023)

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What is Brooge 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. Brooge Energy's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.18.

Brooge Energy's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.18). It may suggest that Brooge Energy is progressively becoming more dependent on debt to grow their business.

Brooge Energy LT-Debt-to-Total-Asset Historical Data

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

Brooge Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.14

0.34

0.60

0.18

Brooge Energy Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.56	0.18	-	0.18	0.18

Brooge Energy LT-Debt-to-Total-Asset Calculation

Brooge Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	86.34	/	473.645
	=	0.18

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

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	88.596	/	506.686
	=	0.17

Brooge Energy (NAS:BROG) 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.

Brooge Energy LT-Debt-to-Total-Asset Related Terms

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Brooge Energy (Brooge Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Brooge Energy Ltd (NAS:BROG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

3SF:Germany

Address

c/o Brooge Petroleum and Gas Investment Company FZE, P.O. Box 50170, Fujairah, ARE

Website

https://www.broogeenergy.com

Brooge Energy Ltd is an Oil Refinery & Storage Company in the United Arab Emirates. The company generates revenue from the leasing of storage capacity of tanks and other ancillary services.