Rubellite Energy (FRA:6L0) Debt-to-Equity : 0.15 (As of Jun. 2024)

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What is Rubellite Energy Debt-to-Equity?

Rubellite Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0.00 Mil. Rubellite Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €20.90 Mil. Rubellite Energy's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €141.03 Mil. Rubellite Energy's debt to equity for the quarter that ended in Jun. 2024 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 Rubellite Energy's Debt-to-Equity or its related term are showing as below:

FRA:6L0' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.12 Max: 3.93
Current: 0.15

During the past 3 years, the highest Debt-to-Equity Ratio of Rubellite Energy was 3.93. The lowest was 0.05. And the median was 0.12.

FRA:6L0's Debt-to-Equity is ranked better than
75.43% of 814 companies
in the Oil & Gas industry
Industry Median: 0.46 vs FRA:6L0: 0.15

Rubellite Energy Debt-to-Equity Historical Data

The historical data trend for Rubellite Energy'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.

Rubellite Energy Debt-to-Equity Chart

Rubellite Energy Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.08

0.15

Rubellite Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial							0.07	0.05	0.15	0.19	0.15

Competitive Comparison of Rubellite Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Rubellite Energy'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.

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

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

* The bar in red indicates where Rubellite Energy's Debt-to-Equity falls into.

Rubellite Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rubellite Energy'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	+	20.039)	/	136.232
	=	0.15

Rubellite Energy's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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	+	20.899)	/	141.027
	=	0.15

Rubellite Energy (FRA:6L0) 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.

Rubellite Energy Debt-to-Equity Related Terms

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

Rubellite Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rubellite Energy Inc (FRA:6L0) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

RUBLF:USA RBY:Canada

Address

605 5 Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

https://www.rubelliteenergy.com

Rubellite Energy Inc is a Canadian energy company. The company is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The company is also engaged in the production of conventional heavy crude oil from the Clearwater Formation in Eastern Alberta, The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.

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