Road New Media (TSXV:RNM) Debt-to-Equity : -0.40 (As of Sep. 2023)

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What is Road New Media Debt-to-Equity?

Road New Media's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$3.72 Mil. Road New Media's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$6.29 Mil. Road New Media's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-25.23 Mil. Road New Media's debt to equity for the quarter that ended in Sep. 2023 was -0.40.

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 Road New Media's Debt-to-Equity or its related term are showing as below:

TSXV:RNM' s Debt-to-Equity Range Over the Past 10 Years
Min: -11.53 Med: -0.61 Max: 4.16
Current: -0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Road New Media was 4.16. The lowest was -11.53. And the median was -0.61.

TSXV:RNM's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs TSXV:RNM: -0.40

Road New Media Debt-to-Equity Historical Data

The historical data trend for Road New Media'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.

Road New Media Debt-to-Equity Chart

Road New Media Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.96

-0.64

-0.49

-0.40

-0.41

Road New Media Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.38	-0.41	-0.42	-0.41	-0.40

Competitive Comparison of Road New Media's Debt-to-Equity

For the Oil & Gas E&P subindustry, Road New Media'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.

Road New Media's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Road New Media's Debt-to-Equity falls into.

Road New Media Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Road New Media'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
	=	(4.607	+	4.143)	/	-21.277
	=	-0.41

Road New Media'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
	=	(3.717	+	6.289)	/	-25.234
	=	-0.40

Road New Media (TSXV:RNM) 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.

Road New Media Debt-to-Equity Related Terms

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

Road New Media (TSXV:RNM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Road New Media Corporation (TSXV:RNM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

421 -7th Avenue SW, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.perisson.com

Perisson Petroleum Corp is engaged in the exploration and production of oil and gas in Canada and the Republic of Colombia. The company generates the majority of its revenue from the sale of Oil and includes Natural gas.

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