Touchstone Exploration (TSX:TXP) Debt-to-Equity

: 0.52 (As of Dec. 2023)

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Touchstone Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$17.44 Mil. Touchstone Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$23.97 Mil. Touchstone Exploration's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$80.18 Mil. Touchstone Exploration's debt to equity for the quarter that ended in Dec. 2023 was 0.52.

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 Touchstone Exploration's Debt-to-Equity or its related term are showing as below:

TSX:TXP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.38 Max: 0.52
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Touchstone Exploration was 0.52. The lowest was 0.10. And the median was 0.38.

TSX:TXP's Debt-to-Equity is ranked worse than
54.92% of 834 companies
in the Oil & Gas industry
Industry Median: 0.43 vs TSX:TXP: 0.52

Touchstone Exploration Debt-to-Equity Historical Data

The historical data trend for Touchstone Exploration'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.

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.47

0.12

0.48

0.36

0.52

Touchstone Exploration 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																0.36	0.34	0.41	0.39	0.52

Competitive Comparison

For the Oil & Gas E&P subindustry, Touchstone Exploration'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.

Touchstone Exploration Debt-to-Equity Distribution

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

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

Touchstone Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Touchstone Exploration'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
	=	(17.441	+	23.968)	/	80.182
	=	0.52

Touchstone Exploration'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
	=	(17.441	+	23.968)	/	80.182
	=	0.52

Touchstone Exploration (TSX:TXP) 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.

Touchstone Exploration Debt-to-Equity Related Terms

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Touchstone Exploration (TSX:TXP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (TSX:TXP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PBEGF:USA TXP:UK PNW1:Germany

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.

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