Ranger Oil (Ranger Oil) Debt-to-Equity : 1.21 (As of Mar. 2023)

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What is Ranger Oil Debt-to-Equity?

Ranger Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $11 Mil. Ranger Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $633 Mil. Ranger Oil's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $532 Mil. Ranger Oil's debt to equity for the quarter that ended in Mar. 2023 was 1.21.

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 Ranger Oil's Debt-to-Equity or its related term are showing as below:

ROCC' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.34 Med: 1.27 Max: 4.32
Current: 1.21

During the past 13 years, the highest Debt-to-Equity Ratio of Ranger Oil was 4.32. The lowest was -1.34. And the median was 1.27.

ROCC's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs ROCC: 1.21

Ranger Oil Debt-to-Equity Historical Data

The historical data trend for Ranger Oil'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.

Ranger Oil Debt-to-Equity Chart

Ranger Oil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.14

1.07

2.41

1.88

1.25

Ranger Oil Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															1.67	1.54	1.36	1.25	1.21

Competitive Comparison of Ranger Oil's Debt-to-Equity

For the Oil & Gas E&P subindustry, Ranger Oil'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.

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

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

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

Ranger Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ranger Oil's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.907	+	604.277)	/	484.399
	=	1.25

Ranger Oil's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(11.043	+	632.853)	/	531.838
	=	1.21

Ranger Oil (NAS:ROCC) 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.

Ranger Oil Debt-to-Equity Related Terms

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

Ranger Oil (Ranger Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Oil Corp (NAS:ROCC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

16285 Park Ten Place, Suite 500, Houston, TX, USA, 77084

Website

https://www.rangeroil.com

Ranger Oil Corp is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs, and natural gas, with operations in the Eagle Ford shale in south Texas.

Executives

Richard Alan Burnett	director	12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251
Garrett Chunn	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Kayla Baird	officer: VP, CAO and Controller	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Edward Geiser	director, 10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Joshua Schmidt	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Kevin Cumming	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Juniper Capital Iii Gp, L.p.	10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Juniper Capital Ii Gp, L.p.	10 percent owner	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Temitope Ogunyomi	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Tim W Gray	director	2727 ALLEN PARKWAY, SUITE 1850, HOUSTON TX 77019
Julia Gwaltney	officer: Sr. Vice President-Development	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Darrin J. Henke	director, officer: President and CEO	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Mangrove Partners Master Fund, Ltd.	10 percent owner	645 MADISON AVE, 14 FLOOR, NEW YORK NY 10022
Victor Frank Pottow	director	16285 PARK TEN PLACE, SUITE 500, HOUSTON TX 77084
Darin G Holderness	director	14701 ST. MARY'S LANE, SUITE 275, HOUSTON TX 77079