Prospex Energy (LSE:PXEN) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Prospex Energy Debt-to-Equity?

Prospex Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.17 Mil. Prospex Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.00 Mil. Prospex Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £20.58 Mil. Prospex Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

LSE:PXEN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.85 Med: 0.08 Max: 0.18
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Prospex Energy was 0.18. The lowest was -0.85. And the median was 0.08.

LSE:PXEN's Debt-to-Equity is ranked better than
99.88% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs LSE:PXEN: 0.01

Prospex Energy Debt-to-Equity Historical Data

The historical data trend for Prospex 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.

Prospex Energy Debt-to-Equity Chart

Prospex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.18

0.05

0.14

0.01

Prospex Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.02	0.14	0.12	0.01

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

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

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

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

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

Prospex Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prospex Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.168	+	0)	/	20.577
	=	0.01

Prospex Energy's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.168	+	0)	/	20.577
	=	0.01

Prospex Energy (LSE:PXEN) 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.

Prospex Energy Debt-to-Equity Related Terms

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

Prospex Energy (LSE:PXEN) Business Description

Industry

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PXEN:UK

Address

c/o Shakespeare Martineau LLP, 60 Gracechurch Street, London, GBR, EC3V 0HR

Website

http://www.prospex.energy

Prospex Energy PLC is a British Oil and Gas investment company. The company's investment policy is to acquire and invest in companies and projects within the natural resources and energy sector with potential for growth and income. Its strategy is to acquire a portfolio of investments in oil and gas projects that are at various stages of the development cycle and which represent attractive opportunities on a risk/reward basis.

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