Canadian Oil Recovery & Remediation Enterprises (Canadian Oil Recovery & Remediation Enterprises) Debt-to-Equity : -0.45 (As of Sep. 2021)

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What is Canadian Oil Recovery & Remediation Enterprises Debt-to-Equity?

Canadian Oil Recovery & Remediation Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $1.24 Mil. Canadian Oil Recovery & Remediation Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0.05 Mil. Canadian Oil Recovery & Remediation Enterprises's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $-2.85 Mil. Canadian Oil Recovery & Remediation Enterprises's debt to equity for the quarter that ended in Sep. 2021 was -0.45.

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 Canadian Oil Recovery & Remediation Enterprises's Debt-to-Equity or its related term are showing as below:

CRVYF's Debt-to-Equity is not ranked ^*
in the Waste Management industry.
Industry Median: 0.69
* Ranked among companies with meaningful Debt-to-Equity only.

Canadian Oil Recovery & Remediation Enterprises Debt-to-Equity Historical Data

The historical data trend for Canadian Oil Recovery & Remediation Enterprises'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.

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Canadian Oil Recovery & Remediation Enterprises Debt-to-Equity Chart

Canadian Oil Recovery & Remediation Enterprises Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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-0.64

-0.58

-0.49

-0.50

-0.46

Canadian Oil Recovery & Remediation Enterprises Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial															-0.44	-0.46	-0.45	-0.94	-0.45

Competitive Comparison of Canadian Oil Recovery & Remediation Enterprises's Debt-to-Equity

For the Waste Management subindustry, Canadian Oil Recovery & Remediation Enterprises'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.

Canadian Oil Recovery & Remediation Enterprises's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Canadian Oil Recovery & Remediation Enterprises's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Canadian Oil Recovery & Remediation Enterprises's Debt-to-Equity falls into.

Canadian Oil Recovery & Remediation Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian Oil Recovery & Remediation Enterprises's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(1.256	+	0.047)	/	-2.845
	=	-0.46

Canadian Oil Recovery & Remediation Enterprises's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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
	=	(1.237	+	0.047)	/	-2.848
	=	-0.45

Canadian Oil Recovery & Remediation Enterprises (OTCPK:CRVYF) 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.

Canadian Oil Recovery & Remediation Enterprises Debt-to-Equity Related Terms

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Canadian Oil Recovery & Remediation Enterprises (Canadian Oil Recovery & Remediation Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canadian Oil Recovery & Remediation Enterprises Ltd (OTCPK:CRVYF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Adelaide Street West, Suite 1007, Toronto, ON, CAN, M5H 3L5

Website

http://www.corre.com

Canadian Oil Recovery & Remediation Enterprises Ltd provides full cycle oil waste management solutions to the petroleum industry. The company's primary customers are in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies). Its operating lines include remediating oil-contaminated soil; treating sludge, oil-based muds and drilling waste; oil recovery; industrial waste management; oil storage tank cleaning; oil and gas engineering, and project management. Soil remediation, sludge treatment and oil recovery are provided by CORRE through its Advanced Recovery Equipment Systems (ARES), which consists of two soil washing plants known as ARES I and ARES II.

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