Perkins Oil & Gas (Perkins Oil & Gas) Debt-to-Equity : -0.64 (As of Dec. 2018)

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What is Perkins Oil & Gas Debt-to-Equity?

Perkins Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $0.07 Mil. Perkins Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $0.00 Mil. Perkins Oil & Gas's Total Stockholders Equity for the quarter that ended in Dec. 2018 was $-0.10 Mil. Perkins Oil & Gas's debt to equity for the quarter that ended in Dec. 2018 was -0.64.

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.

The historical rank and industry rank for Perkins Oil & Gas's Debt-to-Equity or its related term are showing as below:

OOIL's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Perkins Oil & Gas Debt-to-Equity Historical Data

The historical data trend for Perkins Oil & Gas's Debt-to-Equity 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.

Perkins Oil & Gas Debt-to-Equity Chart

Perkins Oil & Gas Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Debt-to-Equity

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-1.28

-0.92

-0.86

-0.69

Perkins Oil & Gas Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Debt-to-Equity	Get a 7-Day Free Trial															-0.66	-0.67	-0.69	-0.64	-0.64

Competitive Comparison of Perkins Oil & Gas's Debt-to-Equity

For the Oil & Gas E&P subindustry, Perkins Oil & Gas's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Perkins Oil & Gas's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Perkins Oil & Gas's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Perkins Oil & Gas's Debt-to-Equity falls into.

Perkins Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Perkins Oil & Gas's Debt to Equity Ratio for the fiscal year that ended in Jun. 2018 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.049	+	0.01)	/	-0.086
	=	-0.69

Perkins Oil & Gas's Debt to Equity Ratio for the quarter that ended in Dec. 2018 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.066	+	0)	/	-0.103
	=	-0.64

Perkins Oil & Gas (OTCPK:OOIL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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

Perkins Oil & Gas Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Perkins Oil & Gas's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Perkins Oil & Gas (Perkins Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Perkins Oil & Gas Inc (OTCPK:OOIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

17330 Preston Road, Suite 200D, Dallas, TX, USA, 75252

Website

http://www.perkinsoilgas.com

Perkins Oil & Gas Inc is active in the oil and gas sector. The company is an exploration-stage company. The company is engaged in the exploration and development of oil and gas properties. It is focused on pursuing the acquisition of additional leases and/or existing oil and gas wells. The firm has generated limited revenues from operations.

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