LRDC (Laredo Oil) Debt-to-Equity : -0.27 (As of Aug. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Laredo Oil Debt-to-Equity?

Laredo Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $2.16 Mil. Laredo Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $0.87 Mil. Laredo Oil's Total Stockholders Equity for the quarter that ended in Aug. 2024 was $-11.23 Mil. Laredo Oil's debt to equity for the quarter that ended in Aug. 2024 was -0.27.

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

LRDC' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.64 Med: -0.27 Max: -0.18
Current: -0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Laredo Oil was -0.18. The lowest was -1.64. And the median was -0.27.

LRDC's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.47 vs LRDC: -0.27

Laredo Oil Debt-to-Equity Historical Data

The historical data trend for Laredo Oil'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.

Laredo Oil Debt-to-Equity Chart

Laredo Oil Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Debt-to-Equity

Get a 7-Day Free Trial

-0.85

-1.37

-0.84

-0.38

-0.29

Laredo Oil Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial															-0.70	-0.66	-0.66	-0.29	-0.27

Competitive Comparison of Laredo Oil's Debt-to-Equity

For the Oil & Gas E&P subindustry, Laredo Oil'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.

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

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

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

Laredo Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Laredo Oil's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(2.325	+	0.888)	/	-11.186
	=	-0.29

Laredo Oil's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(2.159	+	0.872)	/	-11.23
	=	-0.27

Laredo Oil (OTCPK:LRDC) 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.

Laredo Oil Debt-to-Equity Related Terms

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

Laredo Oil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Laredo Oil Inc (OTCPK:LRDC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2021 Guadalupe Street, Suite 260, Austin, TX, USA, 78705

Website

https://www.laredo-oil.com

Laredo Oil Inc is an oil exploration and production company primarily engaged in acquisition and exploration efforts for mineral properties. In addition to pursuing conventional oil recovery methods in selected oil fields, Laredo Oil plans to locate and acquire mature oil fields, with the intention of recovering stranded oil using enhanced recovery methods.