Great Eastern Energy (LSE:GEEC) Debt-to-Equity : 0.50 (As of Mar. 2023)

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What is Great Eastern Energy Debt-to-Equity?

Great Eastern Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was £4.85 Mil. Great Eastern Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was £30.45 Mil. Great Eastern Energy's Total Stockholders Equity for the quarter that ended in Mar. 2023 was £70.08 Mil. Great Eastern Energy's debt to equity for the quarter that ended in Mar. 2023 was 0.50.

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

LSE:GEEC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 1.01 Max: 1.42
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Great Eastern Energy was 1.42. The lowest was 0.50. And the median was 1.01.

LSE:GEEC's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs LSE:GEEC: 0.50

Great Eastern Energy Debt-to-Equity Historical Data

The historical data trend for Great Eastern 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.

Great Eastern Energy Debt-to-Equity Chart

Great Eastern Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.95

0.78

0.67

0.57

0.50

Great Eastern Energy Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															0.67	0.61	0.57	0.52	0.50

Competitive Comparison of Great Eastern Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Great Eastern 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.

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

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

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

Great Eastern Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Great Eastern Energy's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 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
	=	(4.851	+	30.445)	/	70.075
	=	0.50

Great Eastern Energy's Debt to Equity Ratio for the quarter that ended in Mar. 2023 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
	=	(4.851	+	30.445)	/	70.075
	=	0.50

Great Eastern Energy (LSE:GEEC) 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.

Great Eastern Energy Debt-to-Equity Related Terms

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Great Eastern Energy (LSE:GEEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Great Eastern Energy Corp Ltd (LSE:GEEC) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

National Highway 8, Signature Towers - A, 14th Floor, South City, Gurugram, HR, IND, 122001

Website

https://www.geecl.com

Great Eastern Energy Corp Ltd is a fully integrated, Indian Coal Bed Methane (CBM) company. It is engaged in exploring, developing, distributing, and marketing CBM gas in India. The company has CBM blocks located at Raniganj (South), West Bengal and in Mannargudi, Tamil Nadu. It is involved in the extraction and sale of CBM /compressed natural gas (CNG) gas in India. The company also holds a petroleum exploration license with Tamil Nadu Government.

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