Trek Resources (Trek Resources) Debt-to-Equity : 1.22 (As of Dec. 2004)

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What is Trek Resources Debt-to-Equity?

Trek Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2004 was $0.00 Mil. Trek Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2004 was $7.50 Mil. Trek Resources's Total Stockholders Equity for the quarter that ended in Dec. 2004 was $6.13 Mil. Trek Resources's debt to equity for the quarter that ended in Dec. 2004 was 1.22.

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

TRKX's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Trek Resources Debt-to-Equity Historical Data

The historical data trend for Trek 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.

Trek Resources Debt-to-Equity Chart

Trek Resources Annual Data

Trend

Sep02

Sep03

Sep04

Debt-to-Equity

8.83

2.57

1.44

Trek Resources Quarterly Data
	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04
Debt-to-Equity	Get a 7-Day Free Trial				2.25	1.93	1.69	1.44	1.22

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

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

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

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

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

Trek Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trek Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 2004 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	+	7.9)	/	5.483
	=	1.44

Trek Resources's Debt to Equity Ratio for the quarter that ended in Dec. 2004 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	+	7.5)	/	6.13
	=	1.22

Trek Resources (OTCPK:TRKX) 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.

Trek Resources Debt-to-Equity Related Terms

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

Trek Resources (Trek Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trek Resources Inc (OTCPK:TRKX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4925 Greenville Avenue, Suite 915, One Energy Square, Dallas, TX, USA, 75206

Website

http://www.trekresources.com

Trek Resources Inc is an independent oil and gas producer. The company is engaged in the exploration, development, exploitation and acquisition of onshore oil and natural gas properties in the United States. It conducts the majority of its operations for itself and its affiliates in the states of Texas, Oklahoma, Louisiana and Colorado. The company and its affiliates also own non-operated interests in Kansas, New Mexico, Louisiana, Mississippi, Texas, Oklahoma, Montana, North and South Dakota, Wyoming, Utah, Arkansas, Alabama, Illinois and Michigan.

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