Empire Energy Group (ASX:EEG) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Empire Energy Group Debt-to-Equity?

Empire Energy Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$9.38 Mil. Empire Energy Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.37 Mil. Empire Energy Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$112.30 Mil. Empire Energy Group's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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

ASX:EEG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.71 Max: 2.17
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Empire Energy Group was 2.17. The lowest was 0.07. And the median was 0.71.

ASX:EEG's Debt-to-Equity is ranked better than
84.99% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs ASX:EEG: 0.09

Empire Energy Group Debt-to-Equity Historical Data

The historical data trend for Empire Energy Group'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.

Empire Energy Group Debt-to-Equity Chart

Empire Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.49

0.30

0.08

0.07

0.09

Empire Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.08	0.06	0.07	0.13	0.09

Competitive Comparison of Empire Energy Group's Debt-to-Equity

For the Oil & Gas E&P subindustry, Empire Energy Group'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.

Empire Energy Group's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Empire Energy Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Empire Energy Group'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
	=	(9.376	+	0.371)	/	112.303
	=	0.09

Empire Energy Group'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
	=	(9.376	+	0.371)	/	112.303
	=	0.09

Empire Energy Group (ASX:EEG) 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.

Empire Energy Group Debt-to-Equity Related Terms

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

Empire Energy Group (ASX:EEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Energy Group Ltd (ASX:EEG) » Definitions » Debt-to-Equity

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EEGUF:USA

Address

6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://empireenergygroup.net

Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin). It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

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