Echo Energy (LSE:ECHO) Debt-to-Equity : -1.05 (As of Jun. 2023)

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What is Echo Energy Debt-to-Equity?

Echo Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Echo Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £4.23 Mil. Echo Energy's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £-4.04 Mil. Echo Energy's debt to equity for the quarter that ended in Jun. 2023 was -1.05.

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

LSE:ECHO' s Debt-to-Equity Range Over the Past 10 Years
Min: -24.68 Med: -0.8 Max: 18.68
Current: -1.05

During the past 13 years, the highest Debt-to-Equity Ratio of Echo Energy was 18.68. The lowest was -24.68. And the median was -0.80.

LSE:ECHO's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs LSE:ECHO: -1.05

Echo Energy Debt-to-Equity Historical Data

The historical data trend for Echo 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.

Echo Energy Debt-to-Equity Chart

Echo Energy Annual Data

Trend

Sep12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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2.29

18.68

-1.23

-0.85

-0.35

Echo Energy Semi-Annual Data
	Mar13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-1.19	-0.85	-0.80	-0.35	-1.05

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

For the Oil & Gas Integrated subindustry, Echo 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.

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

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

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

Echo Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Echo Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 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	+	4.485)	/	-12.947
	=	-0.35

Echo Energy'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	+	4.23)	/	-4.04
	=	-1.05

Echo Energy (LSE:ECHO) 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.

Echo Energy Debt-to-Equity Related Terms

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Echo Energy (LSE:ECHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Echo Energy PLC (LSE:ECHO) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

85 Great Portland Street, First Floor, London, GBR, W1W 7LT

Website

https://www.echoenergyplc.com

Echo Energy PLC is the holding company for a group of companies engaged in the exploration, appraisal, and development of oil and natural gas producing assets. It focuses on the development of assets in the Central and Southern American geographies.