Westmount Energy (LSE:WTE) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Westmount Energy Debt-to-Equity?

Westmount Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.00 Mil. Westmount Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £0.00 Mil. Westmount Energy's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £4.50 Mil. Westmount Energy's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Westmount Energy was 0.11. The lowest was 0.03. And the median was 0.07.

LSE:WTE's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Westmount Energy Debt-to-Equity Historical Data

The historical data trend for Westmount 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.

Westmount Energy Debt-to-Equity Chart

Westmount Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Debt-to-Equity

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0.03

Westmount Energy Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

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

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

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

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

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

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Westmount Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Westmount Energy's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0	+	0)	/	4.502
	=	0.00

Westmount Energy's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	0)	/	4.502
	=	0.00

Westmount Energy (LSE:WTE) 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.

Westmount Energy Debt-to-Equity Related Terms

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Westmount Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Westmount Energy Ltd (LSE:WTE) » Definitions » Debt-to-Equity

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WMELF:USA

Address

Castle Street, Floor 4, Liberation House, Saint Helier, JEY, JE1 4HH

Website

https://www.westmountenergy.com

Westmount Energy Ltd operates as an energy investment company. The investment plan of the company is to invest in and provide follow-up capital to small and medium-sized companies that have growth possibilities. Its portfolio of energy shares includes Eco (Atlantic) Oil and Gas Ltd, JHI Associates Inc, Cataleya Energy Corp, and others.

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