Lightstream Resources (Lightstream Resources) Debt-to-Equity : -1.14 (As of Sep. 2016)

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What is Lightstream Resources Debt-to-Equity?

Lightstream Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2016 was $272.7 Mil. Lightstream Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2016 was $0.0 Mil. Lightstream Resources's Total Stockholders Equity for the quarter that ended in Sep. 2016 was $-239.0 Mil. Lightstream Resources's debt to equity for the quarter that ended in Sep. 2016 was -1.14.

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 Lightstream Resources's Debt-to-Equity or its related term are showing as below:

LSTMF's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Lightstream Resources Debt-to-Equity Historical Data

The historical data trend for Lightstream Resources'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.

Lightstream Resources Debt-to-Equity Chart

Lightstream Resources Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Debt-to-Equity

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0.82

0.52

1.09

1.06

3.49

Lightstream Resources Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Debt-to-Equity	Get a 7-Day Free Trial															1.96	3.49	3.18	-6.57	-1.14

Competitive Comparison of Lightstream Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, Lightstream Resources'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.

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

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

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

Lightstream Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lightstream Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(4.495	+	1156.565)	/	333.007
	=	3.49

Lightstream Resources's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(272.658	+	0)	/	-238.983
	=	-1.14

Lightstream Resources (GREY:LSTMF) 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.

Lightstream Resources Debt-to-Equity Related Terms

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Lightstream Resources (Lightstream Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lightstream Resources Ltd (GREY:LSTMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.lightstreamresources.com

Lightstream Resources Ltd is an oil and gas company. The company is principally engaged in the exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia and Saskatchewan with a focus on light oil. Its principal operating areas include southeast Saskatchewan in the Bakken and Mississippian formations, central Alberta in the Cardium formation and north-central Alberta in the Swan Hills area. The company revenue is generated from the sale of crude oil, natural gas, and natural gas liquids.

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