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Comet RidgeCOMRF 34 Debt-to-Equity is 0.09 as of Dec. 2025, which is 18% below its 10-year median of 0.11. GuruFocus rates COMRF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 796 Oil & Gas companies, Comet Ridge ranks better than 82.41% 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 Comet Ridge's Debt-to-Equity or its related term are showing as below:
COMRF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.11 Max: 0.41
Current: 0.09
During the past 13 years, the highest Debt-to-Equity Ratio of Comet Ridge was 0.41. The lowest was 0.09. And the median was 0.11.
COMRF's Debt-to-Equity is ranked better than 82.41% of 796
companies
in the Oil & Gas industry
Industry Median: 0.465
vs COMRF: 0.09
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.
Comet Ridge Debt-to-Equity Related Terms
Comet Ridge Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Comet Ridge'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.
COMRF vs COP, EOG, FANG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Comet Ridge'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.
Comet Ridge Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comet Ridge's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Comet Ridge'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.
Comet Ridge (COMRF) has a Debt-to-Equity of 0.09 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Comet Ridge and its competitors. This is 18% below median its historical median of 0.11. Over the past decade, Comet Ridge's Debt-to-Equity has ranged from 0.09 to 0.41. According to the industry distribution chart, Comet Ridge ranks #140 out of 796 companies in the Oil & Gas industry, placing it in the top 17.6%.
Is Comet Ridge's Debt-to-Equity too high?
Comet Ridge's current Debt-to-Equity of 0.09 is 18% below median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.41. The Oil & Gas industry median Debt-to-Equity is 0.47. Comet Ridge's value of 0.09 is 80.6% below this industry median. Based on the distribution chart, Comet Ridge ranks #140 out of 796 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Comet Ridge has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Comet Ridge's Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Comet Ridge ranks #140 out of 796 companies for Debt-to-Equity. This places Comet Ridge in the top 18% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.47. Comet Ridge's value of 0.09 is 80.6% below this benchmark. Historically, Comet Ridge's own Debt-to-Equity has ranged from 0.09 to 0.41 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.47, Comet Ridge 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 0.47, based on 796 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. Comet Ridge's current Debt-to-Equity of 0.09 is 80.6% 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 Comet Ridge and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Ridge's current Debt-to-Equity is 0.09, which is 18% below median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Ridge stock overvalued right now?
Comet Ridge (COMRF) has a current Debt-to-Equity of 0.09. The current Debt-to-Equity is 0.09, which is 18% below median its 10-year median of 0.11 and 80.6% below the Oil & Gas industry median of 0.47. Comet Ridge's overall GF Score™ is 34/100 with 1 warning sign to review. 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 Comet Ridge (COMRF), the current Debt-to-Equity is 0.09 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.
Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.
34GF Score
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