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Contango Oil & Gas Company (AMEX:MCF)
Debt to Equity
0.00 (As of Dec. 2013)

Contango Oil & Gas Company's current portion of long-term debt for the quarter that ended in Dec. 2013 was $0.0 Mil. Contango Oil & Gas Company's long-term debt for the quarter that ended in Dec. 2013 was $0.0 Mil. Contango Oil & Gas Company's total equity for the quarter that ended in Dec. 2013 was $0.0 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.


Definition

Debt to Equity measures the financial leverage a company has.

Contango Oil & Gas Company's Debt to Equity Ratio for the fiscal year that ended in Jun. 2013 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(0 + 0) / 419.154
=0.00

Contango Oil & Gas Company's Debt to Equity Ratio for the quarter that ended in Dec. 2013 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(0 + 0) / 0
=

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt divided by Total Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its Return on Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return on Equity companies.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Total Equity, Return on Equity


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Contango Oil & Gas Company Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Dec11Jun12Dec12Jun13
deb2equity 0.160.310.050.010.000.000.000.000.000.00

Contango Oil & Gas Company Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
deb2equity 0.000.000.000.000.000.000.000.000.000.00
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