3R Petroleum Oleo E Gas (BSP:RRRP3) LT-Debt-to-Total-Asset : 0.46 (As of Mar. 2024)

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What is 3R Petroleum Oleo E Gas 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. 3R Petroleum Oleo E Gas's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.46.

3R Petroleum Oleo E Gas's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.46). It may suggest that 3R Petroleum Oleo E Gas is progressively becoming more dependent on debt to grow their business.

3R Petroleum Oleo E Gas LT-Debt-to-Total-Asset Historical Data

The historical data trend for 3R Petroleum Oleo E Gas'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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3R Petroleum Oleo E Gas LT-Debt-to-Total-Asset Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.01

0.12

0.42

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.42	0.41	0.42	0.46

3R Petroleum Oleo E Gas LT-Debt-to-Total-Asset Calculation

3R Petroleum Oleo E Gas'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 )
	=	8345.698	/	20119.858
	=	0.41

3R Petroleum Oleo E Gas's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	9366.832	/	20232.347
	=	0.46

3R Petroleum Oleo E Gas (BSP:RRRP3) 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.

3R Petroleum Oleo E Gas LT-Debt-to-Total-Asset Related Terms

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3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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