Echelon Resources (ASX:ECH) Debt-to-Equity : 0.37 (As of Dec. 2024)

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What is Echelon Resources Debt-to-Equity?

Echelon Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.25 Mil. Echelon Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$49.77 Mil. Echelon Resources's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$134.38 Mil. Echelon Resources's debt to equity for the quarter that ended in Dec. 2024 was 0.37.

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 Echelon Resources's Debt-to-Equity or its related term are showing as below:

ASX:ECH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.37
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of Echelon Resources was 0.37. The lowest was 0.00. And the median was 0.01.

ASX:ECH's Debt-to-Equity is ranked better than
54.98% of 824 companies
in the Oil & Gas industry
Industry Median: 0.44 vs ASX:ECH: 0.37

Echelon Resources Debt-to-Equity Historical Data

The historical data trend for Echelon Resources'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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Echelon Resources Debt-to-Equity Chart

Echelon Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.34

Echelon Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	0.34	0.37

Competitive Comparison of Echelon Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, Echelon Resources'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.

Echelon Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

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Echelon Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Echelon Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0	+	48.994)	/	143.707
	=	0.34

Echelon Resources's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.247	+	49.77)	/	134.382
	=	0.37

Echelon Resources (ASX:ECH) 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.

Echelon Resources Debt-to-Equity Related Terms

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Echelon Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Echelon Resources Ltd (ASX:ECH) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

36 Tennyson Street, Level 1, Wellington, NZL, 6011

Website

https://www.nzog.com

Echelon Resources Ltd Formerly New Zealand Oil & Gas Ltd is an oil and gas exploration and production company with producing assets in New Zealand. It operates through Kupe Oil and Gas Field, Oil and Gas Exploration, and Cue Energy Resources Limited segments. The company generates maximum revenue from Cue Energy Resources Limited. It has a presence in Indonesia and Australia.