GSPAQ.PFD (Gastar Exploration) Debt-to-Equity : -3.32 (As of Sep. 2018)

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What is Gastar Exploration Debt-to-Equity?

Gastar Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.00 Mil. Gastar Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $373.16 Mil. Gastar Exploration's Total Stockholders Equity for the quarter that ended in Sep. 2018 was $-112.28 Mil. Gastar Exploration's debt to equity for the quarter that ended in Sep. 2018 was -3.32.

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 Gastar Exploration's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of Gastar Exploration was 9.94. The lowest was -36.51. And the median was 0.16.

GSPAQ.PFD'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.

Gastar Exploration Debt-to-Equity Historical Data

The historical data trend for Gastar Exploration'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.

Gastar Exploration Debt-to-Equity Chart

Gastar Exploration Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Debt-to-Equity

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1.49

1.03

-4.30

-2.88

-10.78

Gastar Exploration Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Debt-to-Equity	Get a 7-Day Free Trial															-16.06	-10.78	-7.64	-3.81	-3.32

Competitive Comparison of Gastar Exploration's Debt-to-Equity

For the Oil & Gas E&P subindustry, Gastar Exploration'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.

Gastar Exploration's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

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Gastar Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gastar Exploration's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 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	+	342.952)	/	-31.828
	=	-10.78

Gastar Exploration's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	373.161)	/	-112.28
	=	-3.32

Gastar Exploration (OTCPK:GSPAQ.PFD) 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.

Gastar Exploration Debt-to-Equity Related Terms

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Gastar Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gastar Exploration Inc (OTCPK:GSPAQ.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1331 Lamar Street, Suite 650, Houston, TX, USA, 77010

Website

http://www.gastar.com

Gastar Exploration Inc is a Mid-Continent independent energy company which is engaged in the exploration, development, and production of oil, condensate, natural gas, and NGLs (natural gas liquids). The principal business activities of the company include the identification, acquisition, and subsequent exploration and development of oil and natural gas properties with an emphasis on unconventional reserves, such as shale resource plays. The company's exploration properties consist primarily of oil and natural gas leases in the Mid-Continent area of the U.S. in Oklahoma. Gastar operates through a single segment being Exploration and production of oil, condensate, and natural gas.

Executives

William L Transier	director	3505 W SAM HOUSTON PKWY NORTH, SUITE 400, HOUSTON TX 77043
Marc A Beilinson	director	10100 SANTA MONICA BLVD STE. 1100, LOS ANGELES CA 90067
Harry Quarls	director	14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079
Stephen Phillip Roberts	officer: Senior VP & COO	1331 LAMAR, SUITE 650, HOUSTON TX 77010
Af V Energy I Aiv B1, L.p.	director, 10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ronald D. Scott	director	5612 DREXEL COURT, MIDLAND TX 79707
Nathan Walton	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdings Inc.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Acof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Holdings L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Ares Management Corp	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067