Empyrean Energy (LSE:EME) Debt-to-Equity : -1.74 (As of Mar. 2024)

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What is Empyrean Energy Debt-to-Equity?

Empyrean Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £5.98 Mil. Empyrean Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was £0.00 Mil. Empyrean Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was £-3.43 Mil. Empyrean Energy's debt to equity for the quarter that ended in Mar. 2024 was -1.74.

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

LSE:EME' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.74 Med: 0.4 Max: 1.77
Current: -1.74

During the past 13 years, the highest Debt-to-Equity Ratio of Empyrean Energy was 1.77. The lowest was -1.74. And the median was 0.40.

LSE:EME's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.47 vs LSE:EME: -1.74

Empyrean Energy Debt-to-Equity Historical Data

The historical data trend for Empyrean 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.

Empyrean Energy Debt-to-Equity Chart

Empyrean Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.22

1.77

-1.74

Empyrean Energy Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.22	-3.22	1.77	1.46	-1.74

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

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

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

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

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

Empyrean Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Empyrean Energy's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(5.976	+	0)	/	-3.431
	=	-1.74

Empyrean Energy's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(5.976	+	0)	/	-3.431
	=	-1.74

Empyrean Energy (LSE:EME) 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.

Empyrean Energy Debt-to-Equity Related Terms

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Empyrean Energy Business Description

Industry

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Address

22 Railway Road, Unit 32/33, Level 3, Subiaco, WA, AUS, 6008

Website

https://www.empyreanenergy.com

Empyrean Energy PLC is an oil and gas explorer and producer. The company is engaged in the exploration, evaluation, development, and production of oil and gas properties. Its projects include China Block 29/11 Project, Duyung PSC Project, Sacramento Basin Projects, and Other Projects.