TORC Oil & Gas (TORC Oil & Gas) Debt-to-Equity : 0.70 (As of Sep. 2020)

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What is TORC Oil & Gas Debt-to-Equity?

TORC Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $45.9 Mil. TORC Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2020 was $216.3 Mil. TORC Oil & Gas's Total Stockholders Equity for the quarter that ended in Sep. 2020 was $373.4 Mil. TORC Oil & Gas's debt to equity for the quarter that ended in Sep. 2020 was 0.70.

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

VREYF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.28 Max: 2.28
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of TORC Oil & Gas was 2.28. The lowest was 0.01. And the median was 0.28.

VREYF's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs VREYF: 0.70

TORC Oil & Gas Debt-to-Equity Historical Data

The historical data trend for TORC Oil & Gas'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.

TORC Oil & Gas Debt-to-Equity Chart

TORC Oil & Gas Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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0.18

0.16

0.18

0.22

TORC Oil & Gas Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Debt-to-Equity	Get a 7-Day Free Trial															0.20	0.22	0.58	0.75	0.70

Competitive Comparison of TORC Oil & Gas's Debt-to-Equity

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

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

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

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

TORC Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TORC Oil & Gas's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 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	+	235.056)	/	1080.092
	=	0.22

TORC Oil & Gas's Debt to Equity Ratio for the quarter that ended in Sep. 2020 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
	=	(45.887	+	216.28)	/	373.435
	=	0.70

TORC Oil & Gas (OTCPK:VREYF) 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.

TORC Oil & Gas Debt-to-Equity Related Terms

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

TORC Oil & Gas (TORC Oil & Gas) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

525-8th Avenue SW, Suite 1800, Eighth Avenue Place, Calgary, AB, CAN, T2P 1G1

Website

http://www.torcoil.com

TORC Oil & Gas Ltd engages in the exploration, development, and production of oil and natural gas reserves in the southeast Saskatchewan area. Crude oil constitutes an overwhelming majority of the production mix the company gathers from its assets. TORC gains access to its assets through government issued royalties and uses various techniques to identify hydrocarbon reservoirs. The company focuses heavily on light oil resource plays and relies on a three-phased strategy of resource capture, delineation, and production growth.

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