Emerald Oil Industries (DHA:EMERALDOIL) Debt-to-Equity : -1.65 (As of Dec. 2023)

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What is Emerald Oil Industries Debt-to-Equity?

Emerald Oil Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT5 Mil. Emerald Oil Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT1,304 Mil. Emerald Oil Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was BDT-794 Mil. Emerald Oil Industries's debt to equity for the quarter that ended in Dec. 2023 was -1.65.

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 Emerald Oil Industries's Debt-to-Equity or its related term are showing as below:

DHA:EMERALDOIL' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.65 Med: 1.13 Max: 1.45
Current: -1.65

During the past 11 years, the highest Debt-to-Equity Ratio of Emerald Oil Industries was 1.45. The lowest was -1.65. And the median was 1.13.

DHA:EMERALDOIL's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs DHA:EMERALDOIL: -1.65

Emerald Oil Industries Debt-to-Equity Historical Data

The historical data trend for Emerald Oil Industries'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.

Emerald Oil Industries Debt-to-Equity Chart

Emerald Oil Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

-1.11

-1.06

-1.02

-1.24

-1.39

Emerald Oil Industries Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Jun18	Jun19	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-1.39	-1.41	-1.39	-1.61	-1.65

Competitive Comparison of Emerald Oil Industries's Debt-to-Equity

For the Packaged Foods subindustry, Emerald Oil Industries'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.

Emerald Oil Industries's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Emerald Oil Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Emerald Oil Industries's Debt-to-Equity falls into.

Emerald Oil Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Emerald Oil Industries's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(6.569	+	1304.465)	/	-946.258
	=	-1.39

Emerald Oil Industries's Debt to Equity Ratio for the quarter 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
	=	(5.19	+	1304.465)	/	-793.873
	=	-1.65

Emerald Oil Industries (DHA:EMERALDOIL) 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.

Emerald Oil Industries Debt-to-Equity Related Terms

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

Emerald Oil Industries (DHA:EMERALDOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Emerald Oil Industries Ltd (DHA:EMERALDOIL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Halimunnesa's Court (Floor-9), 23, Kakrail, Dhaka, BGD, 1000

Website

http://www.spondonoil.com

Emerald Oil Industries Ltd engages in producing of rice bran oil by processing rice bran collected from local auto rice mills. The company markets its product in its own brand name Spondon Rice Bran Oil. The company offers rice bran oil for use in preparing fried foods, snacks, margarine, salad dressings, baking goods, soaps, and skin creams. The firm also produces various by-products, including De-Oil Rice Bran, Fatty Acid, Wax, Gum and Spent Earth.

Emerald Oil Industries (DHA:EMERALDOIL) Headlines

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