Virtus Oil & Gas (Virtus Oil & Gas) Debt-to-Equity : -0.14 (As of Feb. 2016)

View and export this data going back to 2011. Start your Free Trial

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

Virtus Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2016 was $0.47 Mil. Virtus Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2016 was $0.00 Mil. Virtus Oil & Gas's Total Stockholders Equity for the quarter that ended in Feb. 2016 was $-3.36 Mil. Virtus Oil & Gas's debt to equity for the quarter that ended in Feb. 2016 was -0.14.

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 Virtus Oil & Gas's Debt-to-Equity or its related term are showing as below:

VOIL's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.445
* Ranked among companies with meaningful Debt-to-Equity only.

Virtus Oil & Gas Debt-to-Equity Historical Data

The historical data trend for Virtus 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.

Virtus Oil & Gas Debt-to-Equity Chart

Virtus Oil & Gas Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Debt-to-Equity

Get a 7-Day Free Trial

-0.13

-0.46

-0.17

Virtus Oil & Gas Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Debt-to-Equity	Get a 7-Day Free Trial															-	0.44	-1.70	-0.17	-0.14

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

For the Oil & Gas E&P subindustry, Virtus 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.

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

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

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

Virtus Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Virtus Oil & Gas's Debt to Equity Ratio for the fiscal year that ended in Nov. 2015 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
	=	(0.494	+	0)	/	-2.944
	=	-0.17

Virtus Oil & Gas's Debt to Equity Ratio for the quarter that ended in Feb. 2016 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
	=	(0.47	+	0)	/	-3.364
	=	-0.14

Virtus Oil & Gas (GREY:VOIL) 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.

Virtus Oil & Gas Debt-to-Equity Related Terms

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

Virtus Oil & Gas (Virtus Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Virtus Oil & Gas Corp (GREY:VOIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

Virtus Oil & Gas (Virtus Oil & Gas) Headlines

From GuruFocus

Virtus Oil and Gas Releases Financials With $14 Million in Assets

By Marketwired Marketwired • 04-19-2018

A Closer Look at Virtus Oil and Gas

By George Ronan George Ronan • 07-31-2014

What Is Happening In Iraq Is Critical To You And What You Should Do About It

By Canadian Value Canadian Value • 07-10-2014

Virtus Oil and Gas – A Punt On An Old School Oil Exploration Play

By Emerging Opportunities Emerging Opportunities • 07-20-2014