Victoria Oil & Gas (Victoria Oil & Gas) Debt-to-Equity : 570.71 (As of Jun. 2021)

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What is Victoria Oil & Gas Debt-to-Equity?

Victoria Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $6.91 Mil. Victoria Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $6.79 Mil. Victoria Oil & Gas's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $0.02 Mil. Victoria Oil & Gas's debt to equity for the quarter that ended in Jun. 2021 was 570.71.

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 Victoria Oil & Gas's Debt-to-Equity or its related term are showing as below:

VCOGF'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.

Victoria Oil & Gas Debt-to-Equity Historical Data

The historical data trend for Victoria Oil & Gas'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.

Victoria Oil & Gas Debt-to-Equity Chart

Victoria Oil & Gas Annual Data

Trend

May11

May12

May13

May14

May15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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0.15

0.22

0.20

1.58

6.34

Victoria Oil & Gas Semi-Annual Data
	Nov11	May12	Nov12	May13	Nov13	May14	Nov14	May15	Nov15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Debt-to-Equity	Get a 7-Day Free Trial															0.18	1.58	2.09	6.34	570.71

Competitive Comparison of Victoria Oil & Gas's Debt-to-Equity

For the Oil & Gas Integrated subindustry, Victoria Oil & Gas'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.

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

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

* The bar in red indicates where Victoria Oil & Gas's Debt-to-Equity falls into.

Victoria Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Victoria Oil & Gas's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(6.853	+	7.742)	/	2.301
	=	6.34

Victoria Oil & Gas's Debt to Equity Ratio for the quarter that ended in Jun. 2021 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
	=	(6.909	+	6.788)	/	0.024
	=	570.71

Victoria Oil & Gas (OTCPK:VCOGF) 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.

Victoria Oil & Gas Debt-to-Equity Related Terms

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

Victoria Oil & Gas (Victoria Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victoria Oil & Gas PLC (OTCPK:VCOGF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Scott House, Suite 1 The Concourse, Waterloo Station, GBR, SE1 7LY

Website

http://www.victoriaoilandgas.com

Victoria Oil & Gas PLC is a UK-based company that operates a fully integrated domestic natural gas production and distribution business and supplies industry in the port city of Douala, Cameroon. The principal activities of the company include exploration, production, and distribution and the sale of hydrocarbons and related activities. It focuses on the development of the Logbaba gas and condensate field to supply gas to its customers and the expansion of the gas pipeline distribution network. The company's operating segments are Cameroon, Russia & Kazakhstan, and Corporate. Most of the company's revenue is generated from Cameroon.

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