Permex Petroleum (XCNQ:OIL) Debt-to-Equity : 0.02 (As of Jun. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Permex Petroleum Debt-to-Equity?

Permex Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.11 Mil. Permex Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.13 Mil. Permex Petroleum's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$10.39 Mil. Permex Petroleum's debt to equity for the quarter that ended in Jun. 2023 was 0.02.

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 Permex Petroleum's Debt-to-Equity or its related term are showing as below:

XCNQ:OIL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.07
Current: 0.02

During the past 6 years, the highest Debt-to-Equity Ratio of Permex Petroleum was 0.07. The lowest was 0.00. And the median was 0.03.

XCNQ:OIL's Debt-to-Equity is ranked better than
95.32% of 833 companies
in the Oil & Gas industry
Industry Median: 0.45 vs XCNQ:OIL: 0.02

Permex Petroleum Debt-to-Equity Historical Data

The historical data trend for Permex Petroleum'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.

Permex Petroleum Debt-to-Equity Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Debt-to-Equity

Get a 7-Day Free Trial

0.07

0.03

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.03	0.02	0.02	0.02

Competitive Comparison of Permex Petroleum's Debt-to-Equity

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

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

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

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

Permex Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Permex Petroleum's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.191	+	0.188)	/	13.957
	=	0.03

Permex Petroleum's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.106	+	0.129)	/	10.391
	=	0.02

Permex Petroleum (XCNQ:OIL) 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.

Permex Petroleum Debt-to-Equity Related Terms

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

Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer