ARSLF (Altima Energy) Debt-to-Equity: -0.39 (As of Nov. 2024)

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ARSLF Altima Energy Inc ARSLF
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What is Altima Energy Debt-to-Equity?

Altima Energy ARSLF -100.00% 13 Debt-to-Equity is -0.39 as of Nov. 2024. GuruFocus rates ARSLF with a GF Score™ of 13/100.

Altima Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $2.37 Mil. Altima Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.58 Mil. Altima Energy's Total Stockholders Equity for the quarter that ended in Nov. 2024 was $-7.56 Mil. Altima Energy's debt to equity for the quarter that ended in Nov. 2024 was -0.39.

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

ARSLF's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.465
* Ranked among companies with meaningful Debt-to-Equity only.

Altima Energy  (OTCPK:ARSLF) 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.

Altima Energy Debt-to-Equity Related Terms

Altima Energy Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Altima 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.

Altima Energy Debt-to-Equity Chart

Altima Energy Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Feb22 Feb23 Feb24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.42 -0.40 -0.16 -0.26 -0.21

Altima Energy Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.28 -0.21 -0.21 -0.41 -0.39

ARSLF vs COP, EOG, FANG: Debt-to-Equity Comparison

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

Altima Energy Debt-to-Equity vs Oil & Gas Industry

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

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


ARSLF
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Altima Energy Inc ARSLF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Altima Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Altima Energy's Debt to Equity Ratio for the fiscal year that ended in Feb. 2024 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
=(1.483 + 0.044) / -7.279
=-0.21

Altima Energy's Debt to Equity Ratio for the quarter that ended in Nov. 2024 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
=(2.371 + 0.582) / -7.557
=-0.39

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.39 mean?
Altima Energy (ARSLF) has a Debt-to-Equity of -0.39 as of Nov. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Altima Energy and its competitors.
Is Altima Energy's Debt-to-Equity too high?
Altima Energy's current Debt-to-Equity is -0.39. Overall, Altima Energy has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Altima Energy's Debt-to-Equity compare to COP and EOG?
Altima Energy's Debt-to-Equity of -0.39 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.47. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.47, based on 796 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Altima Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altima Energy's current Debt-to-Equity is -0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altima Energy stock overvalued right now?
Altima Energy (ARSLF) has a current Debt-to-Equity of -0.39. The current Debt-to-Equity is -0.39. Altima Energy's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Altima Energy (ARSLF), the current Debt-to-Equity is -0.39 as of Nov. 2024. 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.

Altima Energy Business Description

Industry EnergyOil & Gas
Address 595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5
Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.
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