Legend Oil & Gas (Legend Oil & Gas) Debt-to-Equity : -1.41 (As of Dec. 2016)

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What is Legend Oil & Gas Debt-to-Equity?

Legend Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $0.70 Mil. Legend Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2016 was $8.38 Mil. Legend Oil & Gas's Total Stockholders Equity for the quarter that ended in Dec. 2016 was $-6.43 Mil. Legend Oil & Gas's debt to equity for the quarter that ended in Dec. 2016 was -1.41.

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 Legend Oil & Gas's Debt-to-Equity or its related term are showing as below:

LOGL'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.

Legend Oil & Gas Debt-to-Equity Historical Data

The historical data trend for Legend Oil & Gas'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.

Legend Oil & Gas Debt-to-Equity Chart

Legend Oil & Gas Annual Data

Trend

Dec04

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Debt-to-Equity

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-0.09

-0.23

-1.82

-18.62

-1.41

Legend Oil & Gas Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Debt-to-Equity	Get a 7-Day Free Trial															-18.62	-5.33	-2.96	-1.82	-1.41

Competitive Comparison of Legend Oil & Gas's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Legend Oil & Gas'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.

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

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

* The bar in red indicates where Legend Oil & Gas's Debt-to-Equity falls into.

Legend Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legend Oil & Gas's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 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
	=	(0.695	+	8.384)	/	-6.433
	=	-1.41

Legend Oil & Gas's Debt to Equity Ratio for the quarter that ended in Dec. 2016 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
	=	(0.695	+	8.384)	/	-6.433
	=	-1.41

Legend Oil & Gas (OTCPK:LOGL) 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.

Legend Oil & Gas Debt-to-Equity Related Terms

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

Legend Oil & Gas (Legend Oil & Gas) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 North Point Center East, Suite 410, Alpharetta, GA, USA, 30022

Website

http://www.maxxonenergy.com

Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. It focuses is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment, as the oil and gas.

Executives

Neal P Kaufman	director	14315 WEST HARDY ROAD, HOUSTON TX 77060
Hillair Capital Investments Lp	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
Sean M Mcavoy	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
Hillair Capital Management Llc	10 percent owner	345 LORTON AVENUE, SUITE 303, BURLINGAME CA 94010
James Vandeberg	10 percent owner	10710 NE 10TH STREET #1307, BELLEVUE WA 98004
Steve S Sinohui	director, 10 percent owner	2789 S. LAMAR STREET DENVER CO 80227

Legend Oil & Gas (Legend Oil & Gas) Headlines

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