LGCYP.PFD (Legacy Reserves) Debt-to-Equity : -1.29 (As of Sep. 2019)

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What is Legacy Reserves Debt-to-Equity?

Legacy Reserves's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $582.85 Mil. Legacy Reserves's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil. Legacy Reserves's Total Stockholders Equity for the quarter that ended in Sep. 2019 was $-453.61 Mil. Legacy Reserves's debt to equity for the quarter that ended in Sep. 2019 was -1.28.

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 Legacy Reserves's Debt-to-Equity or its related term are showing as below:

LGCYP.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: -17.27 Med: 0.73 Max: 8.28
Current: -1.29

During the past 13 years, the highest Debt-to-Equity Ratio of Legacy Reserves was 8.28. The lowest was -17.27. And the median was 0.73.

LGCYP.PFD's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.47 vs LGCYP.PFD: -1.29

Legacy Reserves Debt-to-Equity Historical Data

The historical data trend for Legacy Reserves'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.

Legacy Reserves Debt-to-Equity Chart

Legacy Reserves Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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1.51

-8.05

-5.31

-5.02

-6.91

Legacy Reserves Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Equity	Get a 7-Day Free Trial															N/A	-6.91	-5.03	-1.83	-1.29

Competitive Comparison of Legacy Reserves's Debt-to-Equity

For the Oil & Gas E&P subindustry, Legacy Reserves'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.

Legacy Reserves's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Legacy Reserves Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legacy Reserves's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(897.873	+	432.923)	/	-192.631
	=	-6.91

Legacy Reserves's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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
	=	(582.849	+	0)	/	-453.61
	=	-1.28

Legacy Reserves (NAS:LGCYP.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.

Legacy Reserves Debt-to-Equity Related Terms

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Legacy Reserves Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Legacy Reserves Inc (NAS:LGCYP.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 West Wall Street, Suite 1800, Midland, TX, USA, 79701

Website

http://www.legacyreserves.com

Legacy Reserves LP is a limited partnership which focuses on the acquisition and development of oil and natural gas properties primarily located in the Permian Basin, East Texas, Rocky Mountain and Mid-Continent regions of the United States. The company owns an interest in producing oil and natural gas properties in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma and several other states. The company operates through the segment being the Acquisition and development of oil and natural gas properties.