Freehold Royalties (Freehold Royalties) Debt-to-Equity : 0.24 (As of Mar. 2024)

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What is Freehold Royalties Debt-to-Equity?

Freehold Royalties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.2 Mil. Freehold Royalties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $166.2 Mil. Freehold Royalties's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $682.0 Mil. Freehold Royalties's debt to equity for the quarter that ended in Mar. 2024 was 0.24.

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 Freehold Royalties's Debt-to-Equity or its related term are showing as below:

FRHLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.15 Max: 0.59
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Freehold Royalties was 0.59. The lowest was 0.06. And the median was 0.15.

FRHLF's Debt-to-Equity is ranked better than
66.11% of 835 companies
in the Oil & Gas industry
Industry Median: 0.44 vs FRHLF: 0.24

Freehold Royalties Debt-to-Equity Historical Data

The historical data trend for Freehold Royalties'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.

Freehold Royalties Debt-to-Equity Chart

Freehold Royalties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.16

0.14

0.17

0.14

Freehold Royalties 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															0.17	0.17	0.15	0.14	0.24

Competitive Comparison of Freehold Royalties's Debt-to-Equity

For the Oil & Gas E&P subindustry, Freehold Royalties'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.

Freehold Royalties's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Freehold Royalties Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freehold Royalties'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
	=	(0.176	+	92.69)	/	688.553
	=	0.13

Freehold Royalties'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
	=	(0.174	+	166.184)	/	682.04
	=	0.24

Freehold Royalties (OTCPK:FRHLF) 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.

Freehold Royalties Debt-to-Equity Related Terms

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

Freehold Royalties (Freehold Royalties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Freehold Royalties Ltd (OTCPK:FRHLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1FH:Germany FRU:Canada

Address

517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8

Website

https://www.freeholdroyalties.com

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.