Sound Energy (Sound Energy) Debt-to-Equity : 0.20 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Sound Energy Debt-to-Equity?

Sound Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.15 Mil. Sound Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $42.13 Mil. Sound Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $211.02 Mil. Sound Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

SNEGF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.17 Max: 0.8
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Sound Energy was 0.80. The lowest was 0.11. And the median was 0.17.

SNEGF's Debt-to-Equity is ranked better than
70.6% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs SNEGF: 0.20

Sound Energy Debt-to-Equity Historical Data

The historical data trend for Sound 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.

Sound Energy Debt-to-Equity Chart

Sound Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.13

0.17

0.13

0.17

0.20

Sound 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															0.13	0.15	0.17	0.19	0.20

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

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

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

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

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

Sound Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sound 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
	=	(0.153	+	42.133)	/	211.023
	=	0.20

Sound 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
	=	(0.153	+	42.133)	/	211.023
	=	0.20

Sound Energy (OTCPK:SNEGF) 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.

Sound Energy Debt-to-Equity Related Terms

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

Sound Energy (Sound Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sound Energy PLC (OTCPK:SNEGF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SOU:UK 88S1:Germany

Address

20 St Dunstan's Hill, London, GBR, EC3R 8HL

Website

https://www.soundenergyplc.com

Sound Energy PLC is a transitional energy company, with two-phase development projects in Morocco which include a micro-LNG project, a cornerstone investor, and sizeable exploration potential with ESG at its core. It owns the Tendrara Production concession (75% effective interest) with recoverable resources of 377Bcf (2C) natural gas discovery (TE-5 Horst) in the Triassic TAGI gas reservoir; the Greater Tendrara Exploration permit (75% effective interest); the Anoual exploration permit (75% effective interest) and a 75% effective interest in Sidi Mokhtar on the Atlantic seaboard of Morocco.

Sound Energy (Sound Energy) Headlines

No Headlines