Athabasca Oil (Athabasca Oil) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Athabasca Oil Debt-to-Equity?

Athabasca Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Athabasca Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $133.9 Mil. Athabasca Oil's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,180.3 Mil. Athabasca Oil's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 Athabasca Oil's Debt-to-Equity or its related term are showing as below:

ATHOF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.35 Max: 0.99
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Athabasca Oil was 0.99. The lowest was 0.11. And the median was 0.35.

ATHOF's Debt-to-Equity is ranked better than
81.81% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs ATHOF: 0.11

Athabasca Oil Debt-to-Equity Historical Data

The historical data trend for Athabasca Oil'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.

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Athabasca Oil Debt-to-Equity Chart

Athabasca Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.46

0.99

0.38

0.12

0.11

Athabasca Oil 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															0.12	0.11	0.11	0.12	0.11

Competitive Comparison of Athabasca Oil's Debt-to-Equity

For the Oil & Gas E&P subindustry, Athabasca Oil'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.

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

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

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

Athabasca Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Athabasca Oil'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	+	133.948)	/	1180.272
	=	0.11

Athabasca Oil'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	+	133.948)	/	1180.272
	=	0.11

Athabasca Oil (OTCPK:ATHOF) 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.

Athabasca Oil Debt-to-Equity Related Terms

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Athabasca Oil (Athabasca Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Athabasca Oil Corp (OTCPK:ATHOF) » Definitions » Debt-to-Equity

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ATI:Germany ATH:Canada

Address

215 - 9th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 1K3

Website

https://www.atha.com

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.