Imperial Petroleum (Imperial Petroleum) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Imperial Petroleum 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. Imperial Petroleum's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Imperial Petroleum's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.00). It may suggest that Imperial Petroleum is progressively becoming less dependent on debt to grow their business.

Imperial Petroleum LT-Debt-to-Total-Asset Historical Data

The historical data trend for Imperial Petroleum'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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Imperial Petroleum LT-Debt-to-Total-Asset Chart

Imperial Petroleum Annual Data

Trend

Jul07

Jul08

Jul09

Jul10

Jul11

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.16

Imperial Petroleum Quarterly Data
	Jul11	Oct11	Jan12	Apr12	Dec19	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															0.03	-	-	-	-

Imperial Petroleum LT-Debt-to-Total-Asset Calculation

Imperial Petroleum'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 )
	=	0	/	376.835
	=	0.00

Imperial Petroleum'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 )
	=	0.06	/	393.204
	=	0.00

Imperial Petroleum (NAS:IMPP) 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.

Imperial Petroleum LT-Debt-to-Total-Asset Related Terms

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Imperial Petroleum (Imperial Petroleum) Business Description

Industry

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Traded in Other Exchanges

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Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.imperialpetro.com

Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of three medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemical.