Canada Energy Partners (TSXV:CE.H) Debt-to-Equity : -0.06 (As of Jan. 2024)

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What is Canada Energy Partners Debt-to-Equity?

Canada Energy Partners's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.03 Mil. Canada Energy Partners's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Canada Energy Partners's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-0.42 Mil. Canada Energy Partners's debt to equity for the quarter that ended in Jan. 2024 was -0.06.

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

TSXV:CE.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.67 Med: -0.11 Max: 0.03
Current: -0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Canada Energy Partners was 0.03. The lowest was -0.67. And the median was -0.11.

TSXV:CE.H's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs TSXV:CE.H: -0.06

Canada Energy Partners Debt-to-Equity Historical Data

The historical data trend for Canada Energy Partners'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.

Canada Energy Partners Debt-to-Equity Chart

Canada Energy Partners Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

Get a 7-Day Free Trial

-0.13

-0.15

-0.09

Canada Energy Partners Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.31	-0.09	-0.08	-0.07	-0.06

Competitive Comparison of Canada Energy Partners's Debt-to-Equity

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

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

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

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

Canada Energy Partners Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canada Energy Partners's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(0.025	+	0)	/	-0.271
	=	-0.09

Canada Energy Partners's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.025	+	0)	/	-0.424
	=	-0.06

Canada Energy Partners (TSXV:CE.H) 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.

Canada Energy Partners Debt-to-Equity Related Terms

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Canada Energy Partners (TSXV:CE.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canada Energy Partners Inc (TSXV:CE.H) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

650-669 Howe Street, Vancouver, BC, CAN, V6C 0B4

Website

https://www.canadaenergypartners.com

Canada Energy Partners Inc is an independent natural gas exploration and development company focused on conventional oil and gas assets. The company was formed for the purpose of exploring for acquiring and developing coalbed methane reserves in the Peace River area of northeast British Columbia. The company operates its business in one geographic segment Canada.

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