Birchcliff Energy (Birchcliff Energy) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is Birchcliff Energy Debt-to-Equity?

Birchcliff Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.9 Mil. Birchcliff Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $284.9 Mil. Birchcliff Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,658.8 Mil. Birchcliff Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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 Birchcliff Energy's Debt-to-Equity or its related term are showing as below:

BIREF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.34 Max: 0.57
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Birchcliff Energy was 0.57. The lowest was 0.06. And the median was 0.34.

BIREF's Debt-to-Equity is ranked better than
74.46% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs BIREF: 0.17

Birchcliff Energy Debt-to-Equity Historical Data

The historical data trend for Birchcliff 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.

Birchcliff Energy Debt-to-Equity Chart

Birchcliff Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.46

0.27

0.06

0.17

Birchcliff Energy 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															0.06	0.08	0.12	0.14	0.17

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

For the Oil & Gas E&P subindustry, Birchcliff 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.

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

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

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

Birchcliff Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Birchcliff 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
	=	(1.869	+	284.887)	/	1658.799
	=	0.17

Birchcliff 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
	=	(1.869	+	284.887)	/	1658.799
	=	0.17

Birchcliff Energy (OTCPK:BIREF) 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.

Birchcliff Energy Debt-to-Equity Related Terms

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Birchcliff Energy (Birchcliff Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Birchcliff Energy Ltd (OTCPK:BIREF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

39B:Germany BIR:Canada

Address

600 - 3rd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 0G5

Website

https://www.birchcliffenergy.com

Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high working production, which is surrounded by blocks of high working interest lands where it owns and/or controls the infrastructure. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes. Natural gas production accounts for the majority of Birchcliff's revenue.