Canadian Overseas Petroleum (LSE:COPL) Debt-to-Equity : 2.44 (As of Sep. 2023)

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What is Canadian Overseas Petroleum Debt-to-Equity?

Canadian Overseas Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.06 Mil. Canadian Overseas Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £44.88 Mil. Canadian Overseas Petroleum's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £18.43 Mil. Canadian Overseas Petroleum's debt to equity for the quarter that ended in Sep. 2023 was 2.44.

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 Canadian Overseas Petroleum's Debt-to-Equity or its related term are showing as below:

LSE:COPL' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.24 Med: 1.24 Max: 4.75
Current: 2.44

During the past 13 years, the highest Debt-to-Equity Ratio of Canadian Overseas Petroleum was 4.75. The lowest was -2.24. And the median was 1.24.

LSE:COPL's Debt-to-Equity is ranked worse than
92.44% of 833 companies
in the Oil & Gas industry
Industry Median: 0.45 vs LSE:COPL: 2.44

Canadian Overseas Petroleum Debt-to-Equity Historical Data

The historical data trend for Canadian Overseas Petroleum'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.

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Canadian Overseas Petroleum Debt-to-Equity Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.32

-1.61

1.05

4.75

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.25	4.75	1.84	1.75	2.44

Competitive Comparison of Canadian Overseas Petroleum's Debt-to-Equity

For the Oil & Gas E&P subindustry, Canadian Overseas Petroleum'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.

Canadian Overseas Petroleum's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Canadian Overseas Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian Overseas Petroleum's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.065	+	47.61)	/	10.038
	=	4.75

Canadian Overseas Petroleum's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.061	+	44.877)	/	18.428
	=	2.44

Canadian Overseas Petroleum (LSE:COPL) 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.

Canadian Overseas Petroleum Debt-to-Equity Related Terms

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

Canadian Overseas Petroleum (LSE:COPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Overseas Petroleum Ltd (LSE:COPL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VELXF:USA V9L:Germany XOP:Canada

Address

715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website

https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.

Canadian Overseas Petroleum (LSE:COPL) Headlines

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