The Reserve Petroleum Co (The Reserve Petroleum Co) Debt-to-Equity : 0.04 (As of Dec. 2023)

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What is The Reserve Petroleum Co Debt-to-Equity?

The Reserve Petroleum Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.14 Mil. The Reserve Petroleum Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.16 Mil. The Reserve Petroleum Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $30.55 Mil. The Reserve Petroleum Co's debt to equity for the quarter that ended in Dec. 2023 was 0.04.

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 The Reserve Petroleum Co's Debt-to-Equity or its related term are showing as below:

RSRV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.05
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of The Reserve Petroleum Co was 0.05. The lowest was 0.04. And the median was 0.04.

RSRV's Debt-to-Equity is ranked better than
92.05% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs RSRV: 0.04

The Reserve Petroleum Co Debt-to-Equity Historical Data

The historical data trend for The Reserve Petroleum Co'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.

The Reserve Petroleum Co Debt-to-Equity Chart

The Reserve Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.04

The Reserve Petroleum Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.04	0.04	0.04	0.04

Competitive Comparison of The Reserve Petroleum Co's Debt-to-Equity

For the Oil & Gas E&P subindustry, The Reserve Petroleum Co'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.

The Reserve Petroleum Co's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where The Reserve Petroleum Co's Debt-to-Equity falls into.

The Reserve Petroleum Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Reserve Petroleum Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(0.142	+	1.159)	/	30.549
	=	0.04

The Reserve Petroleum Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(0.142	+	1.159)	/	30.549
	=	0.04

The Reserve Petroleum Co (OTCPK:RSRV) 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.

The Reserve Petroleum Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of The Reserve Petroleum Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

The Reserve Petroleum Co (The Reserve Petroleum Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » The Reserve Petroleum Co (OTCPK:RSRV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6801 Broadway Extension, Suite 300, Oklahoma City, OK, USA, 73116-9037

Website

http://www.reserve-petro.com

The Reserve Petroleum Co is engaged in managing its owned mineral properties and exploration and development of oil and natural gas properties. It operates through the segment of the oil and natural gas exploration and development and minerals management with areas of concentration in Texas, Oklahoma, Kansas, Arkansas, and South Dakota.

Executives

Cameron R Mclain	director, officer: PRESIDENT	805 GLEN EAGLES DR, EDMOND OK 73013
Lawrence Raymond Francis	officer: 1st VP & Secretary/Treasurer	6801 BROADWAY EXTENSION, SUITE 300, OKLAHOMA CITY OK 73116
John Mclain	director	6801 BROADWAY EXTENSION, SUITE 200, OKLAHOMA CITY OK 73116-9037
Robert T Mclain	director	6403 N. GRAND BLVD, SUITE 200, OKLAHOMA CITY OK 73116
Robert L Savage	director	8326 GLENWOOD AVENUE, OKLAHOMA CITY OK 73114
James L Tyler	director, officer: 2nd Vice President, Sec/Treas	7720 NW 102ND ST, OKLAHOMA CITY OK 73162-5314
Kyle L Mclain	other: Performs policy making functio	2301 STEEPLECHASE RD, EDMOND OK 73034
Mason W Mclain	director, 10 percent owner, officer: President

The Reserve Petroleum Co (The Reserve Petroleum Co) Headlines

From GuruFocus

Insider Buying: President Cameron Mclain Acquires 165 Shares of The Reserve Petroleum Co

By GuruFocus Research • 08-30-2023