Okmin Resources (Okmin Resources) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Okmin Resources Debt-to-Equity?

Okmin Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Okmin Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.17 Mil. Okmin Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.49 Mil. Okmin Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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 Okmin Resources's Debt-to-Equity or its related term are showing as below:

OKMN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.3 Max: 0.39
Current: 0.34

During the past 3 years, the highest Debt-to-Equity Ratio of Okmin Resources was 0.39. The lowest was 0.26. And the median was 0.30.

OKMN's Debt-to-Equity is ranked better than
57.71% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs OKMN: 0.34

Okmin Resources Debt-to-Equity Historical Data

The historical data trend for Okmin Resources'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.

Okmin Resources Debt-to-Equity Chart

Okmin Resources Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

0.36

0.30

Okmin Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.26	0.27	0.30	0.30	0.34

Competitive Comparison of Okmin Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, Okmin Resources'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.

Okmin Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Okmin Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Okmin Resources's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	0.171)	/	0.57
	=	0.30

Okmin Resources'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	+	0.167)	/	0.489
	=	0.34

Okmin Resources (OTCPK:OKMN) 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.

Okmin Resources Debt-to-Equity Related Terms

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

Okmin Resources (Okmin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okmin Resources Inc (OTCPK:OKMN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436

Website

https://www.okminresources.com

Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.

Executives

Roy Mansano	10 percent owner	5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski	director	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog	director, 10 percent owner, officer: President and CEO	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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