Icon Energy (Icon Energy) Debt-to-Equity : -0.12 (As of Dec. 2023)

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What is Icon Energy Debt-to-Equity?

Icon Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Icon Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.28 Mil. Icon Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-2.41 Mil. Icon Energy's debt to equity for the quarter that ended in Dec. 2023 was -0.12.

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

ICNOF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.13 Med: 0.02 Max: 0.07
Current: -0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Icon Energy was 0.07. The lowest was -0.13. And the median was 0.02.

ICNOF's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs ICNOF: -0.12

Icon Energy Debt-to-Equity Historical Data

The historical data trend for Icon 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.

Icon Energy Debt-to-Equity Chart

Icon Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

0.07

0.02

-0.13

Icon Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.02	-	-0.13	-0.12

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

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

Icon Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Icon Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Icon 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
	=	(0	+	0.264)	/	-1.985
	=	-0.13

Icon Energy's Debt to Equity Ratio for the quarter 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	+	0.28)	/	-2.41
	=	-0.12

Icon Energy (OTCPK:ICNOF) 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.

Icon Energy Debt-to-Equity Related Terms

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

Icon Energy (Icon Energy) Business Description

Industry

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

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ICN:Australia

Address

1301/1 Lake Orr Drive, Varsity Lakes, Lakeside 2 Bermuda Point, Gold Coast, QLD, AUS, 4227

Website

https://www.iconenergy.com

Icon Energy Ltd is an oil and gas exploration company. It is engaged in the exploration, acquisition, and development of oil and gas properties. The company's exploration activities are in the Cooper/Eromanga and Surat and Gippsland basins in Australia.