Uriel Gas Holdings (XCNQ:UGH) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Uriel Gas Holdings Debt-to-Equity?

Uriel Gas Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Uriel Gas Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Uriel Gas Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2.14 Mil. Uriel Gas Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Uriel Gas Holdings's Debt-to-Equity or its related term are showing as below:

XCNQ:UGH'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.

Uriel Gas Holdings Debt-to-Equity Historical Data

The historical data trend for Uriel Gas Holdings'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.

Uriel Gas Holdings Debt-to-Equity Chart

Uriel Gas Holdings Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

Uriel Gas Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Uriel Gas Holdings's Debt-to-Equity

For the Oil & Gas E&P subindustry, Uriel Gas Holdings'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.

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

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

* The bar in red indicates where Uriel Gas Holdings's Debt-to-Equity falls into.

Uriel Gas Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Uriel Gas Holdings's Debt to Equity Ratio for the fiscal year 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	+	0)	/	2.301
	=	0.00

Uriel Gas Holdings'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
	=	(0	+	0)	/	2.138
	=	0.00

Uriel Gas Holdings (XCNQ:UGH) 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.

Uriel Gas Holdings Debt-to-Equity Related Terms

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Uriel Gas Holdings (XCNQ:UGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Uriel Gas Holdings Corp (XCNQ:UGH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

500-4th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 2V6

Website

https://www.urielgas.com

Uriel Gas Holdings Corp is an oil and gas company engaged in the exploration for and production of crude oil and natural gas in Western Canada. The company's business model focuses on the acquisition and exploitation of under-developed oil and gas pools, principally in the Western Canadian Sedimentary Basin.

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