New Concept Energy Debt-to-Assets Ratio Growth & History (GBR)

New Concept Energy's debt-to-assets ratio was 0.04 for fiscal 2020.

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New Concept Energy annual debt-to-assets ratio history

New Concept Energy annual debt-to-assets ratio

Fiscal yearPeriod endedDebt-to-assets ratioChangeGrowth
20202020-12-310.040.00+9.09%
20192019-12-310.040.01+15.71%
20182018-12-310.03−0.05−61.36%
20172017-12-310.090.03+41.86%
20162016-12-310.06−0.04−38.84%
20152015-12-310.100.03+37.09%
20142014-12-310.070.06+416.33%
20132013-12-310.010.01+86.61%
20122012-12-310.01

New Concept Energy debt-to-assets ratio trends

Over the last five fiscal years, New Concept Energy's debt-to-assets ratio decreased from 0.10 to 0.04, a change of −0.06. The latest reported quarter, Q2 2021, shows 0.01.

About the metric

What the debt-to-assets ratio means

The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.

Calculation and source

How debt-to-assets is calculated

TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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