NuVista Energy (NuVista Energy) Debt-to-Equity : 0.16 (As of Mar. 2024)

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What is NuVista Energy Debt-to-Equity?

NuVista Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.9 Mil. NuVista Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $245.8 Mil. NuVista Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,580.2 Mil. NuVista Energy's debt to equity for the quarter that ended in Mar. 2024 was 0.16.

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

NUVSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.25 Max: 1.68
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of NuVista Energy was 1.68. The lowest was 0.09. And the median was 0.25.

NUVSF's Debt-to-Equity is ranked better than
76.02% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs NUVSF: 0.16

NuVista Energy Debt-to-Equity Historical Data

The historical data trend for NuVista 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.

NuVista Energy Debt-to-Equity Chart

NuVista Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.48

0.61

0.38

0.17

0.14

NuVista Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.14	0.14	0.14	0.16

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

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

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

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

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

NuVista Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NuVista 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
	=	(4.845	+	222.535)	/	1576.5
	=	0.14

NuVista 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
	=	(4.946	+	245.823)	/	1580.179
	=	0.16

NuVista Energy (OTCPK:NUVSF) 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.

NuVista Energy Debt-to-Equity Related Terms

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NuVista Energy (NuVista Energy) Business Description

Industry

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NVA:Canada

Address

525 - 8th Avenue South West, Suite 2500, Calgary, AB, CAN, T2P 1G1

Website

https://nvaenergy.com

NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.