GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Grand Gulf Energy Ltd (ASX:GGE) » Definitions » Debt-to-Equity

Grand Gulf Energy (ASX:GGE) Debt-to-Equity : 0.00 (As of Dec. 2023)


View and export this data going back to 1998. Start your Free Trial

What is Grand Gulf Energy Debt-to-Equity?

Grand Gulf Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Grand Gulf Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Grand Gulf Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$19.82 Mil. Grand Gulf Energy's debt to equity for the quarter that ended in Dec. 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 Grand Gulf Energy's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Grand Gulf Energy was 0.04. The lowest was 0.04. And the median was 0.04.

ASX:GGE's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Grand Gulf Energy Debt-to-Equity Historical Data

The historical data trend for Grand Gulf 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.

Grand Gulf Energy Debt-to-Equity Chart

Grand Gulf Energy Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Grand Gulf Energy 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 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 - - - - -

Competitive Comparison of Grand Gulf Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Grand Gulf 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.

Grand Gulf Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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


Grand Gulf Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grand Gulf Energy's Debt to Equity Ratio for the fiscal year 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 + 0) / 18.31
=0.00

Grand Gulf Energy'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
=(0 + 0) / 19.816
=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.

Grand Gulf Energy  (ASX:GGE) 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.

Grand Gulf Energy Debt-to-Equity Related Terms

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

Grand Gulf Energy (ASX:GGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Grand Gulf Energy Ltd (ASX:GGE) » Definitions » Debt-to-Equity
Comparable Companies
ASX:TEE ASX:HPR ASX:LIO ASX:FZR ASX:GLL ASX:ATS ASX:BNL ASX:BUY ASX:FDR ASX:VSR COP HKSE:00883 TSX:CNQ EOG OXY HES MIC:NVTK ASX:WDS FANG DVN
Traded in Other Exchanges
GRGUF:USA
Address
56 Kings Park Road, Suite 1G, West Perth, Perth, WA, AUS, 6005
Website
https://www.grandgulfenergy.com
Grand Gulf Energy Ltd is engaged in the exploration, evaluation, and development of oil and gas leases. Its projects include Red Helium Project. The company has one operating segment, being oil & gas production and exploration operations (including exploration for Helium).