Topaz Energy (TSX:TPZ) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is Topaz 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. Topaz Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

Topaz Energy's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.23). It may suggest that Topaz Energy is progressively becoming less dependent on debt to grow their business.

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

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

Topaz Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.17

0.25

0.24

Topaz Energy Quarterly Data
	Jun19	Sep19	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															0.24	0.23	0.24	0.24	0.23

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

Topaz Energy'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 )
	=	391.638	/	1647.147
	=	0.24

Topaz Energy'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 )
	=	367.059	/	1600.415
	=	0.23

Topaz Energy (TSX:TPZ) 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.

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

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Topaz Energy (TSX:TPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Topaz Energy Corp (TSX:TPZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TPZEF:USA 5XU:Germany

Address

250 - 6th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 3H7

Website

https://www.topazenergy.ca

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. It generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.

Executives

Stephen Phillip Larke

Director