GTGEF (G2 Energy) Debt-to-Equity: -8.09 (As of Mar. 2024)

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GTGEF G2 Energy Corp GTGEF
29 GF Score
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What is G2 Energy Debt-to-Equity?

G2 Energy GTGEF 29 Debt-to-Equity is -8.09 as of Mar. 2024. GuruFocus rates GTGEF with a GF Score™ of 29/100.

G2 Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.72 Mil. G2 Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.46 Mil. G2 Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-0.39 Mil. G2 Energy's debt to equity for the quarter that ended in Mar. 2024 was -8.09.

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 G2 Energy's Debt-to-Equity or its related term are showing as below:

GTGEF'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.

G2 Energy  (OTCPK:GTGEF) 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.

G2 Energy Debt-to-Equity Related Terms

G2 Energy Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for G2 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.

G2 Energy Debt-to-Equity Chart

G2 Energy Annual Data
Trend Mar16 Mar17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Debt-to-Equity
Get a 7-Day Free Trial -1.95 -0.36 0.85 3.64 6.60

G2 Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.82 6.60 23.52 -30.54 -8.09

GTGEF vs COP, EOG, OXY: Debt-to-Equity Comparison

For the Oil & Gas E&P subindustry, G2 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.

G2 Energy Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, G2 Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where G2 Energy's Debt-to-Equity falls into.


GTGEF
29GF Score
G2 Energy Corp GTGEF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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G2 Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

G2 Energy'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
=(2.473 + 0.588) / 0.464
=6.60

G2 Energy'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
=(0.717 + 2.455) / -0.392
=-8.09

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -8.09 mean?
G2 Energy (GTGEF) has a Debt-to-Equity of -8.09 as of Mar. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on G2 Energy and its competitors.
Is G2 Energy's Debt-to-Equity too high?
G2 Energy's current Debt-to-Equity is -8.09. Overall, G2 Energy has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does G2 Energy's Debt-to-Equity compare to COP and EOG?
G2 Energy's Debt-to-Equity of -8.09 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.45. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 808 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on G2 Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. G2 Energy's current Debt-to-Equity is -8.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is G2 Energy stock overvalued right now?
G2 Energy (GTGEF) has a current Debt-to-Equity of -8.09. The current Debt-to-Equity is -8.09. G2 Energy's overall GF Score™ is 29/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For G2 Energy (GTGEF), the current Debt-to-Equity is -8.09 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

G2 Energy Business Description

Industry EnergyOil & Gas
Address West Hastings Street, Unit 430 - 744, Vancouver, BC, CAN, V6C 1A5
G2 Energy Corp is a company focused on acquiring and developing overlooked, low-risk, high-return opportunities in the oil and gas sector. The company is seeking opportunities to acquire a portfolio of risk-managed production and development in the USA. G2 is also pursuing production acquisition opportunities with operating netbacks and infrastructure facilities to fast-track future production growth.
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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