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LB (LandBridge Co LLC) Debt-to-Asset : 0.56 (As of Jun. 2024)


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What is LandBridge Co LLC Debt-to-Asset?

LandBridge Co LLC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $35.1 Mil. LandBridge Co LLC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $360.8 Mil. LandBridge Co LLC's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $710.5 Mil. LandBridge Co LLC's debt to asset for the quarter that ended in Jun. 2024 was 0.56.

LandBridge Co LLC Debt-to-Asset Historical Data

The historical data trend for LandBridge Co LLC's Debt-to-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.

* Premium members only.

LandBridge Co LLC Debt-to-Asset Chart

LandBridge Co LLC Annual Data
Trend Dec22 Dec23
Debt-to-Asset
0.21 0.45

LandBridge Co LLC Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Asset Get a 7-Day Free Trial - 0.44 0.45 0.46 0.56

Competitive Comparison of LandBridge Co LLC's Debt-to-Asset

For the Oil & Gas Equipment & Services subindustry, LandBridge Co LLC's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

LandBridge Co LLC's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, LandBridge Co LLC's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where LandBridge Co LLC's Debt-to-Asset falls into.


LandBridge Co LLC Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

LandBridge Co LLC's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(20.339 + 108.343) / 288.949
=0.45

LandBridge Co LLC's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(35.148 + 360.845) / 710.463
=0.56

* 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.

LandBridge Co LLC  (NYSE:LB) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

LandBridge Co LLC Debt-to-Asset Related Terms

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LandBridge Co LLC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » LandBridge Co LLC (NYSE:LB) » Definitions » Debt-to-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
5555 San Felipe Street, Suite 1200, Houston, TX, USA, 77056
Website
https://www.landbridgeco.com
LandBridge Co LLC is engaged in managing land and resources to support and promote oil and natural gas development. It generate revenue streams from the use of its surface acreage, the sale of resources from land and oil and gas royalties.