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Black Mountain Energy (ASX:BME) Debt-to-Equity : 0.00 (As of Jun. 2023)


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What is Black Mountain Energy Debt-to-Equity?

Black Mountain Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.08 Mil. Black Mountain Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.04 Mil. Black Mountain Energy's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$45.93 Mil. Black Mountain Energy's debt to equity for the quarter that ended in Jun. 2023 was 0.00.

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

ASX:BME's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Black Mountain Energy Debt-to-Equity Historical Data

The historical data trend for Black Mountain 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.

Black Mountain Energy Debt-to-Equity Chart

Black Mountain Energy Annual Data
Trend Dec22
Debt-to-Equity
-

Black Mountain Energy Semi-Annual Data
Dec21 Jun22 Dec22 Jun23
Debt-to-Equity - - - -

Competitive Comparison of Black Mountain Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Black Mountain 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.

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

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

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


Black Mountain Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Black Mountain Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(0.078 + 0.078) / 44.559
=0.00

Black Mountain Energy's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(0.079 + 0.039) / 45.925
=0.00

* 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.

Black Mountain Energy  (ASX:BME) 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.

Black Mountain Energy Debt-to-Equity Related Terms

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

Black Mountain Energy (ASX:BME) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Black Mountain Energy Ltd (ASX:BME) » Definitions » Debt-to-Equity
Comparable Companies
ASX:LIO ASX:TEE ASX:GLV ASX:SHE ASX:AXP ASX:MEL ASX:SGC ASX:FDR ASX:XST ASX:BUY COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
N/A
Address
225 St Georges Terrace, Level 14, Perth, WA, AUS, 6000
Website
https://www.blackmountainenergy.com
Black Mountain Energy Ltd is an energy and resources company focused on identifying, developing, and operating projects in hydrocarbon-rich basins. It is involved in the acquisition and development of natural resource projects and exploration for, and production of oil and gas. The firm is involved in the Valhalla Project located in the north of Perth.