GMX Resources (FRA:HJ8A) Debt-to-Equity : -3.03 (As of Sep. 2012)

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

What is GMX Resources Debt-to-Equity?

GMX Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2012 was €20.86 Mil. GMX Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2012 was €295.29 Mil. GMX Resources's Total Stockholders Equity for the quarter that ended in Sep. 2012 was €-104.39 Mil. GMX Resources's debt to equity for the quarter that ended in Sep. 2012 was -3.03.

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 GMX Resources's Debt-to-Equity or its related term are showing as below:

FRA:HJ8A's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

GMX Resources Debt-to-Equity Historical Data

The historical data trend for GMX Resources'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.

GMX Resources Debt-to-Equity Chart

GMX Resources Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Debt-to-Equity

Get a 7-Day Free Trial

0.85

0.78

2.45

7.66

-3.27

GMX Resources Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Jun13
Debt-to-Equity	Get a 7-Day Free Trial															7.66	18.30	-5.28	-3.03	-2.33

Competitive Comparison of GMX Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, GMX Resources'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.

GMX Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

GMX Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GMX Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2012 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
	=	(12.813	+	311.186)	/	-99.217
	=	-3.27

GMX Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2012 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
	=	(20.856	+	295.29)	/	-104.391
	=	-3.03

GMX Resources (FRA:HJ8A) 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.

GMX Resources Debt-to-Equity Related Terms

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

GMX Resources (FRA:HJ8A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GMX Resources Inc (FRA:HJ8A) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.gmxresources.com

GMX Resources Inc. is an oil and gas company, which is engaged in the exploration, development and production of oil and natural gas from the Haynesville/Bossier Shale and Cotton Valley Sands in its core area, the Sabine Uplift of the Carthage, North Field of Harrison and Panola counties of East Texas. It also has properties located in Lea and Roosevelt counties, and New Mexico. During the first half of 2011, the company acquired all of the working interest and an average greater than 80% net revenue interest in approximately 35,000 undeveloped net acres of oil and gas leases located in Billings, Stark, McKenzie and Dunn Counties of North Dakota, and Richland, Sheridan and Wibaux Counties of Montana. The company holds Williston Basin leases in approximately 150 1,280-acre units and expects to be the operator in approximately 31 of those units, providing a minimum of 172 operated locations. At the same time it acquired all of the working interest and an 80% net revenue interest in approximately 40,000 undeveloped net acres of oil and gas leases located in Platte, Goshen and Laramie Counties of Wyoming. During 2011, it acquired approximately 35,000 net acres in the Bakken/Three Forks oil resource play, which provides it with over 400 potential horizontal locations. The company intends to continue its multi-year drilling program in 2012, expanding to a multi-rig program based on available liquidity and capital resources. It has three subsidiaries: Diamond Blue Drilling Co. (Diamond Blue), which previously owned three drilling rigs, Endeavor Pipeline Inc. (Endeavor Pipeline), which operates its water supply and salt water disposal systems in its East Texas area, and Endeavor Gathering, LLC (Endeavor Gathering), which owns the natural gas gathering system and related equipment operated by Endeavor Pipeline. Kinder Morgan Endeavor LLC (KME) owns 40% membership interest in Endeavor Gathering. During 2011 and the first two months of 2012, the company successfully drilled and completed five Bakken Petroleum System wells, all in North Dakota. The Wock 21-2-1H, Frank 31-4-1H and the Marsh 21-16 TFH wells are located in Stark County, while the Taboo 1-25-36H and the Evoniuk 21-2-1H are located in McKenzie and Billings County, North Dakota.

GMX Resources (FRA:HJ8A) Headlines

No Headlines