White River Energy (White River Energy) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is White River 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. White River Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

White River Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that White River Energy is progressively becoming less dependent on debt to grow their business.

White River Energy LT-Debt-to-Total-Asset Historical Data

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

White River Energy Annual Data

Trend

Mar22

Mar23

LT-Debt-to-Total-Asset

0.01

0.03

White River Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.02	0.03	0.03	0.03	0.01

White River Energy LT-Debt-to-Total-Asset Calculation

White River Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0.324	/	12.32
	=	0.03

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.237	/	16.698
	=	0.01

White River Energy (OTCPK:WTRV) 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.

White River Energy LT-Debt-to-Total-Asset Related Terms

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White River Energy (White River Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » White River Energy Corp (OTCPK:WTRV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 W. Dickson Street, Suite 102 G, Fayetteville, AR, USA, 72701

Website

https://www.white-river.com

White River Energy Corp is engaged in oil and gas exploration, production and drilling operations. The company operates over 30,000 cumulative acres of active oil and gas mineral leases in Louisiana and Mississippi.

White River Energy (White River Energy) Headlines

From GuruFocus

White River Energy Corp at Virtual Investor Conferences Transcript

By GuruFocus Research • 02-15-2024