Zefiro Methane (NEOE:ZEFI) Debt-to-Equity : 1.61 (As of Sep. 2024)

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What is Zefiro Methane Debt-to-Equity?

Zefiro Methane's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$11.86 Mil. Zefiro Methane's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$8.06 Mil. Zefiro Methane's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$12.34 Mil. Zefiro Methane's debt to equity for the quarter that ended in Sep. 2024 was 1.61.

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 Zefiro Methane's Debt-to-Equity or its related term are showing as below:

NEOE:ZEFI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.98 Med: 1.65 Max: 2.63
Current: 1.61

During the past 3 years, the highest Debt-to-Equity Ratio of Zefiro Methane was 2.63. The lowest was 0.98. And the median was 1.65.

NEOE:ZEFI's Debt-to-Equity is ranked worse than
84.83% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs NEOE:ZEFI: 1.61

Zefiro Methane Debt-to-Equity Historical Data

The historical data trend for Zefiro Methane'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.

Zefiro Methane Debt-to-Equity Chart

Zefiro Methane Annual Data

Trend

Jun22

Jun23

Jun24

Debt-to-Equity

0.98

2.63

Zefiro Methane Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial						1.20	1.69	2.21	2.63	1.61

Competitive Comparison of Zefiro Methane's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Zefiro Methane'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.

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

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

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

Zefiro Methane Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Zefiro Methane'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
	=	(12.733	+	8.523)	/	8.078
	=	2.63

Zefiro Methane's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(11.855	+	8.064)	/	12.344
	=	1.61

Zefiro Methane (NEOE:ZEFI) 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.

Zefiro Methane Debt-to-Equity Related Terms

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Zefiro Methane Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zefiro Methane Corp (NEOE:ZEFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ZEFIF:USA Y6B:Germany

Address

2501 - 550 Burrard Street, Vancouver, BC, CAN, V6C 2B5

Website

https://www.zefiromethane.com

Zefiro Methane Corp provides end-of-life solutions for industrial oil and gas operations that emit harmful greenhouse gas (GHG) emissions, specifically methane released from orphaned and abandoned oil and gas wells or associated midstream assets. It generates carbon credits, which can then be sold into carbon credit markets, by reducing methane emissions through the plugging of orphaned and abandoned oil and gas wells. Its services include methane testing, quantification, and monitoring, asset retirement and methane abatement, and carbon offset generation among others. It has a single segment, being the provider of a range of turnkey solutions to plug onshore oil and gas wells across the Appalachian Basin. It operates in the United States which generates all of its revenue, and Canada.

Executives

Talal Debs	Director, Senior Officer
Nan (jonson) Sun	Director
X Machina Sustainable Technologies Inc	10% Security Holder

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