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


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

Legend Oil & Gas LOGL -90.00% Debt-to-Equity is -1.41 as of Dec. 2016.

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: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

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

Legend Oil & Gas Debt-to-Equity Historical Data

* Premium members only.

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.

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 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 -18.62 -5.33 -2.96 -1.82 -1.41

LOGL vs ARSLF, PTRDF, DBRM: Debt-to-Equity Comparison

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 Debt-to-Equity vs 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

* 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 -1.41 mean?
Legend Oil & Gas (LOGL) has a Debt-to-Equity of -1.41 as of Dec. 2016. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Legend Oil & Gas and its competitors.
Is Legend Oil & Gas' Debt-to-Equity too high?
Legend Oil & Gas' current Debt-to-Equity is -1.41.
How does Legend Oil & Gas' Debt-to-Equity compare to ARSLF and PTRDF?
Legend Oil & Gas' Debt-to-Equity of -1.41 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.46. 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 0.46, based on 797 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 Legend Oil & Gas and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Oil & Gas's current Debt-to-Equity is -1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legend Oil & Gas stock overvalued right now?
Legend Oil & Gas (LOGL) has a current Debt-to-Equity of -1.41. The current Debt-to-Equity is -1.41. 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 Legend Oil & Gas (LOGL), the current Debt-to-Equity is -1.41 as of Dec. 2016. 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.

Legend Oil & Gas Business Description

Industry EnergyOil & Gas
Address 555 North Point Center East, Suite 400, Alpharetta, GA, USA, 30022
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. Its focus 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 is oil and gas.