Spartan Delta (Spartan Delta) Debt-to-Equity : 0.19 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Spartan Delta Debt-to-Equity?

Spartan Delta's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7.1 Mil. Spartan Delta's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $53.8 Mil. Spartan Delta's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $326.7 Mil. Spartan Delta's debt to equity for the quarter that ended in Mar. 2024 was 0.19.

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 Spartan Delta's Debt-to-Equity or its related term are showing as below:

DALXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.46 Max: 2.17
Current: 0.19

During the past 13 years, the highest Debt-to-Equity Ratio of Spartan Delta was 2.17. The lowest was 0.12. And the median was 0.46.

DALXF's Debt-to-Equity is ranked better than
73.1% of 829 companies
in the Oil & Gas industry
Industry Median: 0.44 vs DALXF: 0.19

Spartan Delta Debt-to-Equity Historical Data

The historical data trend for Spartan Delta'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.

Spartan Delta Debt-to-Equity Chart

Spartan Delta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.36

0.50

0.13

0.19

Spartan Delta Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.61	0.59	0.19	0.19

Competitive Comparison of Spartan Delta's Debt-to-Equity

For the Oil & Gas E&P subindustry, Spartan Delta'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.

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

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

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

Spartan Delta Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spartan Delta'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
	=	(7.058	+	52.355)	/	320.302
	=	0.19

Spartan Delta'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
	=	(7.077	+	53.821)	/	326.721
	=	0.19

Spartan Delta (OTCPK:DALXF) 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.

Spartan Delta Debt-to-Equity Related Terms

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

Spartan Delta (Spartan Delta) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

4YJ0:Germany SDE:Canada

Address

308 - 4th Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 0H7

Website

https://www.spartandeltacorp.com

Spartan Delta Corp is an oil and gas exploration and production company. It is engaged in the exploration, development, and production of petroleum and natural gas properties in Alberta. It operates and focuses its activities on Peace River Arch and Central Alberta.