Calima Energy (ASX:CE1) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Calima Energy Debt-to-Equity?

Calima Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Calima Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Calima Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$83.41 Mil. Calima Energy'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 Calima Energy's Debt-to-Equity or its related term are showing as below:

ASX:CE1' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.26
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Calima Energy was 0.26. The lowest was 0.01. And the median was 0.03.

ASX:CE1's Debt-to-Equity is ranked better than
86.23% of 835 companies
in the Oil & Gas industry
Industry Median: 0.44 vs ASX:CE1: 0.08

Calima Energy Debt-to-Equity Historical Data

The historical data trend for Calima Energy'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.

Calima Energy Debt-to-Equity Chart

Calima Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

0.26

0.03

Calima Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.26	0.04	0.03	0.05	-

Competitive Comparison of Calima Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Calima Energy'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.

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

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

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

Calima Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Calima Energy'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
	=	(0	+	0)	/	83.405
	=	0.00

Calima Energy'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)	/	83.405
	=	0.00

Calima Energy (ASX:CE1) 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.

Calima Energy Debt-to-Equity Related Terms

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

Calima Energy (ASX:CE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Calima Energy Ltd (ASX:CE1) » Definitions » Debt-to-Equity

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CLMEF:USA R1Y:Germany

Address

205 5 Ave SW, Suite 1000, Calgary, AB, CAN, T2P 0M9

Website

https://www.calimaenergy.com

Calima Energy Ltd is an oil and gas company. The company and its subsidiaries invest in oil and gas exploration and production projects. The company primarily focuses on finding and developing new projects. Its projects include Brooks, Thorsby, and Montney. It also holds an undeveloped Montney acreage position in northeastern British Columbia, Canada.

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