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Macallum New EnergyASX:MNE 9 Debt-to-Equity is 0.02 as of Dec. 2025, which is at its 10-year median of 0.02. GuruFocus rates ASX:MNE with a GF Score™ of 9/100. Among 798 Oil & Gas companies, Macallum New Energy ranks better than 94.99% on this metric.
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 Macallum New Energy's Debt-to-Equity or its related term are showing as below:
ASX:MNE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.02 Max: 0.02
Current: 0.02
During the past 3 years, the highest Debt-to-Equity Ratio of Macallum New Energy was 0.02. The lowest was 0.02. And the median was 0.02.
ASX:MNE's Debt-to-Equity is ranked better than 94.99% of 798
companies
in the Oil & Gas industry
Industry Median: 0.46
vs ASX:MNE: 0.02
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.
Macallum New Energy Debt-to-Equity Related Terms
Macallum New Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Macallum New 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.
Macallum New Energy Debt-to-Equity Chart
Macallum New Energy Annual Data
Trend
Jun23
Jun24
Jun25
Debt-to-Equity
N/A
N/A
0.00
Macallum New Energy Semi-Annual Data
Jun23
Jun24
Jun25
Dec25
Debt-to-Equity
N/A
N/A
0.00
0.02
ASX:MNE vs COP, EOG, FANG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Macallum New 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.
Macallum New Energy Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Macallum New Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Macallum New Energy's Debt-to-Equity falls into.
* 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.
Macallum New Energy (ASX:MNE) has a Debt-to-Equity of 0.02 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Macallum New Energy and its competitors. This is near median its historical median of 0.02. Over the past decade, Macallum New Energy's Debt-to-Equity has ranged from 0.02 to 0.02. According to the industry distribution chart, Macallum New Energy ranks #40 out of 798 companies in the Oil & Gas industry, placing it in the top 5%.
Is Macallum New Energy's Debt-to-Equity too high?
Macallum New Energy's current Debt-to-Equity of 0.02 is near median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.02. The Oil & Gas industry median Debt-to-Equity is 0.46. Macallum New Energy's value of 0.02 is 95.7% below this industry median. Based on the distribution chart, Macallum New Energy ranks #40 out of 798 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Macallum New Energy has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Macallum New Energy's Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Macallum New Energy ranks #40 out of 798 companies for Debt-to-Equity. This places Macallum New Energy in the top 5% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.46. Macallum New Energy's value of 0.02 is 95.7% below this benchmark. Historically, Macallum New Energy's own Debt-to-Equity has ranged from 0.02 to 0.02 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 0.46, Macallum New Energy has consistently been below the industry average. 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 0.46, based on 798 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. Macallum New Energy's current Debt-to-Equity of 0.02 is 95.7% below the industry median. 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 Macallum New Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macallum New Energy's current Debt-to-Equity is 0.02, which is near median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macallum New Energy stock overvalued right now?
Macallum New Energy (ASX:MNE) has a current Debt-to-Equity of 0.02. The current Debt-to-Equity is 0.02, which is near median its 10-year median of 0.02 and 95.7% below the Oil & Gas industry median of 0.46. Macallum New Energy's overall GF Score™ is 9/100. 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 Macallum New Energy (ASX:MNE), the current Debt-to-Equity is 0.02 as of Dec. 2025. 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.
Macallum New Energy Ltd is an oil and gas exploration company. The company is focused on the assessment and future development of its exploration projects located in the onshore Northern Perth Basin in Western Australia.
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