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

Omega Oil & Gas (ASX:OMA) Debt-to-Equity : 0.00 (As of Dec. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Omega Oil & Gas Debt-to-Equity?

Omega Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.04 Mil. Omega Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was A$0.01 Mil. Omega Oil & Gas's Total Stockholders Equity for the quarter that ended in Dec. 2024 was A$45.71 Mil. Omega Oil & Gas's debt to equity for the quarter that ended in Dec. 2024 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 Omega Oil & Gas's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of Omega Oil & Gas was 0.02. The lowest was 0.00. And the median was 0.00.

ASX:OMA'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.

Omega Oil & Gas Debt-to-Equity Historical Data

The historical data trend for Omega Oil & Gas'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.

Omega Oil & Gas Debt-to-Equity Chart

Omega Oil & Gas Annual Data
Trend Jun22 Jun23 Jun24
Debt-to-Equity
- 0.02 -

Omega Oil & Gas Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Debt-to-Equity Get a 7-Day Free Trial - 0.02 - - -

Competitive Comparison of Omega Oil & Gas's Debt-to-Equity

For the Oil & Gas E&P subindustry, Omega Oil & Gas'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.

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

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

* The bar in red indicates where Omega Oil & Gas's Debt-to-Equity falls into.


;
;

Omega Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Omega Oil & Gas'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
=(0.038 + 0.028) / 38.864
=0.00

Omega Oil & Gas'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
=(0.041 + 0.007) / 45.708
=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.

Omega Oil & Gas  (ASX:OMA) 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.

Omega Oil & Gas Debt-to-Equity Related Terms

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

Omega Oil & Gas Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Omega Oil & Gas Ltd (ASX:OMA) » Definitions » Debt-to-Equity
Comparable Companies
ASX:IVZ ASX:KKO ASX:GHY ASX:MAY ASX:QPM ASX:PCL ASX:CUE ASX:HYT ASX:CTP ASX:JGH COP HKSE:00883 EOG TSX:CNQ HES OXY FANG MIC:NVTK EQT TPL
Traded in Other Exchanges
N/A
Address
243 Edward Street, Level 3A, Brisbane, QLD, AUS, 4000
Website
https://www.omegaoilandgas.com.au
Omega Oil & Gas Ltd s an early mover in an emerging play within the junior oil and gas space in Australia. The company is focused on preparation for the development of Petroleum Lease 17 (PL17), located in the Bennett and Leichardt Fields and Prospect 2037 and 2038 in Queensland, Australia.

Omega Oil & Gas Headlines

No Headlines