Empire Diversified Energy (Empire Diversified Energy) LT-Debt-to-Total-Asset : 0.76 (As of Sep. 2023)

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What is Empire Diversified 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. Empire Diversified Energy's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.76.

Empire Diversified Energy's long-term debt to total assets ratio increased from Jun. 2021 (0.54) to Sep. 2023 (0.76). It may suggest that Empire Diversified Energy is progressively becoming more dependent on debt to grow their business.

Empire Diversified Energy LT-Debt-to-Total-Asset Historical Data

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

Empire Diversified Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.59

0.33

0.26

0.66

0.82

Empire Diversified Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Sep22	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.54	0.56	0.82	-	0.76

Empire Diversified Energy LT-Debt-to-Total-Asset Calculation

Empire Diversified Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	44.84	/	54.408
	=	0.82

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

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	61.705	/	80.973
	=	0.76

Empire Diversified Energy (OTCPK:MPIR) 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.

Empire Diversified Energy LT-Debt-to-Total-Asset Related Terms

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Empire Diversified Energy (Empire Diversified Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Diversified Energy Inc (OTCPK:MPIR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 East Las Olas Boulevard, Suite 1400, 14th Floor, Fort Lauderdale, FL, USA, 33301

Website

https://www.empirediversifiedenergy.com

Empire Diversified Energy Inc is a diversified energy and logistics company. It has developed a wide range of green energy products and solutions to industry problems, offering strategic and cost-effective logistics to address LNG and Petrochemical Storage Hubs, Petrochemical Loading Facilities Scrap Iron and Mineral Sales, (Slag, HBI, Coal, Water).

Executives

Robert J. Lancellotti

director, 10 percent owner

PO BOX 154, CONGERS NY 10920