International Petroleum (TSX:IPCO) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is International Petroleum Debt-to-Equity?

International Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$6 Mil. International Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$594 Mil. International Petroleum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1,449 Mil. International Petroleum's debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 International Petroleum's Debt-to-Equity or its related term are showing as below:

TSX:IPCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.32 Max: 0.46
Current: 0.41

During the past 10 years, the highest Debt-to-Equity Ratio of International Petroleum was 0.46. The lowest was 0.13. And the median was 0.32.

TSX:IPCO's Debt-to-Equity is ranked better than
51.93% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs TSX:IPCO: 0.41

International Petroleum Debt-to-Equity Historical Data

The historical data trend for International Petroleum'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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International Petroleum Debt-to-Equity Chart

International Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.31

0.46

0.13

0.32

0.41

International Petroleum 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															0.32	0.33	0.32	0.43	0.41

Competitive Comparison of International Petroleum's Debt-to-Equity

For the Oil & Gas E&P subindustry, International Petroleum'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.

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

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

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

International Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

International Petroleum'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
	=	(5.9	+	593.752)	/	1449.027
	=	0.41

International Petroleum'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
	=	(5.9	+	593.752)	/	1449.027
	=	0.41

International Petroleum (TSX:IPCO) 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.

International Petroleum Debt-to-Equity Related Terms

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

International Petroleum (TSX:IPCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » International Petroleum Corp (TSX:IPCO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IPCFF:USA IPCO:Sweden IPCOs:UK 0V1L:UK IPT:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.international-petroleum.com

International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.

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