Freedom Energy (FRA:B1H2) Debt-to-Equity : -0.66 (As of Dec. 2018)

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What is Freedom Energy Debt-to-Equity?

Freedom Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was €0.40 Mil. Freedom Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was €0.00 Mil. Freedom Energy's Total Stockholders Equity for the quarter that ended in Dec. 2018 was €-0.60 Mil. Freedom Energy's debt to equity for the quarter that ended in Dec. 2018 was -0.66.

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 Freedom Energy's Debt-to-Equity or its related term are showing as below:

FRA:B1H2' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.97 Med: -0.48 Max: 0.23
Current: -0.66

During the past 13 years, the highest Debt-to-Equity Ratio of Freedom Energy was 0.23. The lowest was -5.97. And the median was -0.48.

FRA:B1H2's Debt-to-Equity is not ranked
in the Steel industry.
Industry Median: 0.43 vs FRA:B1H2: -0.66

Freedom Energy Debt-to-Equity Historical Data

The historical data trend for Freedom 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.

Freedom Energy Debt-to-Equity Chart

Freedom Energy Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Debt-to-Equity

Get a 7-Day Free Trial

-0.95

-0.47

-0.72

-5.95

-0.72

Freedom Energy Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Debt-to-Equity	Get a 7-Day Free Trial															-3.41	-0.72	-0.69	-0.66	-0.66

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

For the Coking Coal subindustry, Freedom 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.

Freedom Energy's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Freedom Energy's Debt-to-Equity distribution charts can be found below:

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

Freedom Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freedom Energy's Debt to Equity Ratio for the fiscal year that ended in Mar. 2018 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
	=	(0.145	+	0.216)	/	-0.5
	=	-0.72

Freedom Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2018 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
	=	(0.395	+	0)	/	-0.601
	=	-0.66

Freedom Energy (FRA:B1H2) 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.

Freedom Energy Debt-to-Equity Related Terms

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

Freedom Energy (FRA:B1H2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Freedom Energy Inc (FRA:B1H2) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

837 West Hastings Street, Suite 315, Vancouver, BC, CAN, V6C 3N6

Website

https://www.freedomenergyinc.com

Freedom Energy Inc is an exploration stage junior mining company. It is engaged in the exploration, evaluation, and development of metallurgical coal, and oil and gas projects in North America. It also holds an interest in Good Hope gold property. The firm operates through one segment that is Exploration and Evaluation of mineral property interests.

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