CanAsia Energy (CanAsia Energy) Debt-to-Equity : 0.00 (As of Mar. 2024)

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

What is CanAsia Energy Debt-to-Equity?

CanAsia Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.01 Mil. CanAsia Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. CanAsia Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $4.07 Mil. CanAsia Energy's debt to equity for the quarter that ended in Mar. 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 CanAsia Energy's Debt-to-Equity or its related term are showing as below:

During the past 2 years, the highest Debt-to-Equity Ratio of CanAsia Energy was 0.02. The lowest was 0.00. And the median was 0.00.

CECAF'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.

CanAsia Energy Debt-to-Equity Historical Data

The historical data trend for CanAsia 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.

CanAsia Energy Debt-to-Equity Chart

CanAsia Energy Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

CanAsia Energy Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.01	-	0.02	-	-

Competitive Comparison of CanAsia Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, CanAsia 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.

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

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

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

CanAsia Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CanAsia Energy'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
	=	(0.013	+	0)	/	3.691
	=	0.00

CanAsia Energy's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.012	+	0)	/	4.065
	=	0.00

CanAsia Energy (OTCPK:CECAF) 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.

CanAsia Energy Debt-to-Equity Related Terms

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

CanAsia Energy (CanAsia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CanAsia Energy Corp (OTCPK:CECAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CEC:Canada

Address

3rd Street SW, Unit 1505, 505, Calgary, AB, CAN, T2P 3E6

Website

https://canasiacorp.com

CanAsia Energy Corp is a Calgary, Alberta-based oil and gas exploration and production company with operations located at Sawn Lake, Alberta.

CanAsia Energy (CanAsia Energy) Headlines

No Headlines