Australis Oil & Gas (ASX:ATS) Debt-to-Equity : 0.15 (As of Dec. 2023)

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

Australis Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.23 Mil. Australis Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.96 Mil. Australis Oil & Gas's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$79.48 Mil. Australis Oil & Gas's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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

ASX:ATS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.18 Max: 0.36
Current: 0.15

During the past 8 years, the highest Debt-to-Equity Ratio of Australis Oil & Gas was 0.36. The lowest was 0.05. And the median was 0.18.

ASX:ATS's Debt-to-Equity is ranked better than
77.07% of 833 companies
in the Oil & Gas industry
Industry Median: 0.45 vs ASX:ATS: 0.15

Australis Oil & Gas Debt-to-Equity Historical Data

The historical data trend for Australis 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.

Australis Oil & Gas Debt-to-Equity Chart

Australis Oil & Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.18

0.36

0.28

0.15

Australis Oil & Gas Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.28	0.24	-	0.18	0.15

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

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

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

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

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

Australis Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Australis Oil & Gas'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
	=	(6.23	+	5.96)	/	79.479
	=	0.15

Australis Oil & Gas'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
	=	(6.23	+	5.96)	/	79.479
	=	0.15

Australis Oil & Gas (ASX:ATS) 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.

Australis Oil & Gas Debt-to-Equity Related Terms

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

Australis Oil & Gas (ASX:ATS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Australis Oil & Gas Ltd (ASX:ATS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

215 Hay Street, Ground Floor, Subiaco, WA, AUS, 6008

Website

https://www.australisoil.com

Australis Oil & Gas Ltd engages in oil and gas exploration, development, and production activities. The company operates through Oil & Gas Production, Exploration, and Other segments. The Oil & Gas Production segment earns the majority of revenue.