Jericho Energy Ventures (Jericho Energy Ventures) Debt-to-Equity : 0.29 (As of Dec. 2023)

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What is Jericho Energy Ventures Debt-to-Equity?

Jericho Energy Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.03 Mil. Jericho Energy Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.89 Mil. Jericho Energy Ventures's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $13.38 Mil. Jericho Energy Ventures's debt to equity for the quarter that ended in Dec. 2023 was 0.29.

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 Jericho Energy Ventures's Debt-to-Equity or its related term are showing as below:

JROOF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.2 Max: 0.29
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Jericho Energy Ventures was 0.29. The lowest was 0.00. And the median was 0.20.

JROOF's Debt-to-Equity is ranked better than
62.16% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs JROOF: 0.29

Jericho Energy Ventures Debt-to-Equity Historical Data

The historical data trend for Jericho Energy Ventures'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.

Jericho Energy Ventures Debt-to-Equity Chart

Jericho Energy Ventures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.23

0.17

0.29

Jericho Energy Ventures 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															0.17	0.18	0.20	0.23	0.29

Competitive Comparison of Jericho Energy Ventures's Debt-to-Equity

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

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

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

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

Jericho Energy Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jericho Energy Ventures'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
	=	(0.03	+	3.89)	/	13.38
	=	0.29

Jericho Energy Ventures'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
	=	(0.03	+	3.89)	/	13.38
	=	0.29

Jericho Energy Ventures (OTCPK:JROOF) 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.

Jericho Energy Ventures Debt-to-Equity Related Terms

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Jericho Energy Ventures (Jericho Energy Ventures) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

JLM:Germany JEV:Canada

Address

1055 West Georgia Street, Suite 2100, PO BOX 11110, STN Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.jerichoenergyventures.com

Jericho Energy Ventures Inc is a crude oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It also focuses on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture, and new energy systems. The company has two reportable operating businesses. One is focused on low carbon technologies and the other related to production of crude oil and natural gas.