Byron Energy (Byron Energy) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Byron Energy Debt-to-Equity?

Byron Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11.72 Mil. Byron Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11.99 Mil. Byron Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $134.81 Mil. Byron Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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

BYROF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.18 Max: 1.46
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Byron Energy was 1.46. The lowest was 0.04. And the median was 0.18.

BYROF's Debt-to-Equity is ranked better than
73.44% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs BYROF: 0.18

Byron Energy Debt-to-Equity Historical Data

The historical data trend for Byron 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.

Byron Energy Debt-to-Equity Chart

Byron Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.16

0.29

0.21

0.05

Byron 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															0.22	0.21	0.10	0.05	0.18

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

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

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

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

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

Byron Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Byron Energy'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
	=	(2.7	+	3.61)	/	128.368
	=	0.05

Byron 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
	=	(11.721	+	11.992)	/	134.811
	=	0.18

Byron Energy (OTCPK:BYROF) 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.

Byron Energy Debt-to-Equity Related Terms

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Byron Energy (Byron Energy) Business Description

Industry

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BYE:Australia

Address

480 Collins Street, Level 4, Melbourne, VIC, AUS, 3000

Website

https://www.byronenergy.com.au

Byron Energy Ltd engages in the exploration and development of oil and gas properties in the United States. It holds 50-100% working interests in the shallow waters of the Gulf of Mexico and transition zone, including the State Waters and adjacent coastline in the United States.