W&T Offshore (W&T Offshore) Debt-to-Equity : 12.92 (As of Dec. 2023)

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What is W&T Offshore Debt-to-Equity?

W&T Offshore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $30.8 Mil. W&T Offshore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $372.0 Mil. W&T Offshore's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $31.2 Mil. W&T Offshore's debt to equity for the quarter that ended in Dec. 2023 was 12.92.

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 W&T Offshore's Debt-to-Equity or its related term are showing as below:

WTI' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.06 Med: -1.84 Max: 92.43
Current: 12.92

During the past 13 years, the highest Debt-to-Equity Ratio of W&T Offshore was 92.43. The lowest was -3.06. And the median was -1.84.

WTI's Debt-to-Equity is ranked worse than
99.16% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs WTI: 12.92

W&T Offshore Debt-to-Equity Historical Data

The historical data trend for W&T Offshore'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.

W&T Offshore Debt-to-Equity Chart

W&T Offshore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-2.91

-3.06

-3.01

92.43

12.92

W&T Offshore Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															92.43	11.93	16.79	13.66	12.92

Competitive Comparison of W&T Offshore's Debt-to-Equity

For the Oil & Gas E&P subindustry, W&T Offshore'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.

W&T Offshore's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, W&T Offshore's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where W&T Offshore's Debt-to-Equity falls into.

W&T Offshore Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

W&T Offshore's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(30.823	+	372.039)	/	31.192
	=	12.92

W&T Offshore's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(30.823	+	372.039)	/	31.192
	=	12.92

W&T Offshore (NYSE:WTI) 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.

W&T Offshore Debt-to-Equity Related Terms

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W&T Offshore (W&T Offshore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » W&T Offshore Inc (NYSE:WTI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

UWV:Germany

Address

5718 Westheimer Road, Suite 700, Houston, TX, USA, 77057-5745

Website

https://www.wtoffshore.com

W&T Offshore Inc is an oil and gas exploration and production company. The company's exploration operations are focused in the Gulf of Mexico, where it drills for oil and gas. The company engages in both deepwater drilling and shallow-water shelf drilling. W&T Offshore extracts crude oil, natural gas, and natural gas liquids, which are then sold directly at the wellhead. Overall, crude oil accounts for the majority of the company's revenue, with natural gas accounting for a much smaller portion.

Executives

Sameer Parasnis	officer: EVP & Chief Financial Officer	1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201
Nancy T Chang	director	101 WESTCOTT, SUITE 603, HOUSTON TX 77007
Jonathan Charles Curth	officer: See Remarks	5847 SAN FELIPE SUITE 3000, HOUSTON TX 77057
Hartman Bart P. Iii	officer: VP and CAO	5718 WESTHEIMER RD. SUITE 700, HOUSTON TX 77057
Conwill Daniel O. Iv	director	400 POYDRAS STREET, SUITE 3100, NEW ORLEANS LA 70130
Shahid Ghauri	officer: SEE REMARKS	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Virginia Boulet	director	909 POYDRAS ST SUITE 3600, NEW ORLEANS LA 70112
B Frank Stanley	director	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Tracy W Krohn	director, 10 percent owner, officer: Chairman & CEO	EIGHT GREENWAY PLAZA, HOUSTON TX 77046
Stuart B Katz	director	520 MADISON AVE., NEW YORK NY 10022
William J Williford	officer: EVP and GM of Gulf of Mexico	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
David M Bump	officer: See Remarks	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Sunghee Janet Yang	officer: SEE REMARKS	NINE GREENWAY PLAZA, SUITE 300, HOUSTON TX 77046
Stephen L Schroeder	officer: SVP & Chief Technical Officer	C/O W&T OFFSHORE, INC., EIGHT GREENWAY PLAZA, SUITE 1330, HOUSTON TX 77046
John D Gibbons	officer: SVP & Chief Financial Officer	P.O. BOX 500, SAN ANTONIO TX 78292-0500