VELXQ (Canadian Overseas Petroleum) Debt-to-EBITDA : -1.62 (As of Sep. 2023)

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What is Canadian Overseas Petroleum Debt-to-EBITDA?

Canadian Overseas Petroleum VELXQ -99.67% Debt-to-EBITDA is -1.62 as of Sep. 2023.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Canadian Overseas Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.08 Mil. Canadian Overseas Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $55.54 Mil. Canadian Overseas Petroleum's annualized EBITDA for the quarter that ended in Sep. 2023 was $-34.27 Mil. Canadian Overseas Petroleum's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 was -1.62.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Canadian Overseas Petroleum's Debt-to-EBITDA or its related term are showing as below:

VELXQ's Debt-to-EBITDA is not ranked ^*
in the Oil & Gas industry.
Industry Median: 2.01
* Ranked among companies with meaningful Debt-to-EBITDA only.

Canadian Overseas Petroleum (OTCPK:VELXQ) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Canadian Overseas Petroleum Debt-to-EBITDA Related Terms

Canadian Overseas Petroleum Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Canadian Overseas Petroleum's Debt-to-EBITDA 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.

Canadian Overseas Petroleum Debt-to-EBITDA Chart

Canadian Overseas Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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0.00

-0.08

-0.20

-9.65

-1.80

Canadian Overseas Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-EBITDA	Get a 7-Day Free Trial															4.05	-0.55	1.23	3.88	-1.62

VELXQ vs COP, EOG, PXD: Debt-to-EBITDA Comparison

For the Oil & Gas E&P subindustry, Canadian Overseas Petroleum's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Canadian Overseas Petroleum Debt-to-EBITDA vs Oil & Gas Industry

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

* The bar in red indicates where Canadian Overseas Petroleum's Debt-to-EBITDA falls into.

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Canadian Overseas Petroleum Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Canadian Overseas Petroleum's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.079	+	57.99)	/	-32.231
	=	-1.80

Canadian Overseas Petroleum's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.075	+	55.541)	/	-34.268
	=	-1.62

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Sep. 2023) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →

What does a Debt-to-EBITDA of -1.62 mean?

Canadian Overseas Petroleum (VELXQ) has a Debt-to-EBITDA of -1.62 as of Sep. 2023. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Canadian Overseas Petroleum.

Is Canadian Overseas Petroleum's Debt-to-EBITDA too high?

Canadian Overseas Petroleum's current Debt-to-EBITDA is -1.62.

How does Canadian Overseas Petroleum's Debt-to-EBITDA compare to COP and EOG?

Canadian Overseas Petroleum's Debt-to-EBITDA of -1.62 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-EBITDA is 2.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Debt-to-EBITDA for an Oil & Gas company?

The median Debt-to-EBITDA among Oil & Gas companies is 2.01, based on 705 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Debt-to-EBITDA mean?

A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Canadian Overseas Petroleum. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Overseas Petroleum's current Debt-to-EBITDA is -1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Canadian Overseas Petroleum stock overvalued right now?

Canadian Overseas Petroleum (VELXQ) has a current Debt-to-EBITDA of -1.62. The current Debt-to-EBITDA is -1.62. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Debt-to-EBITDA calculated?

Debt-to-EBITDA is calculated from a company's financial statements. For Canadian Overseas Petroleum (VELXQ), the current Debt-to-EBITDA is -1.62 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canadian Overseas Petroleum Business Description

Industry Energy Oil & Gas

Comparable Companies TSXV:CWV TSXV:TPC TSXV:MET XCNQ:WDGY TSXV:CEQ TSXV:SDR TSXV:SC.H TSXV:CAI TSXV:PCQ TSXV:EW COP HKSE:00883 TSX:CNQ EOG PXD OXY MIC:NVTK HES ASX:WDS DVN

Address 715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6

Website https://www.canoverseas.com

Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.