State GasSTGSF 33 Debt-to-Equity is 0.11 as of Dec. 2025, which is 175% above its 10-year median of 0.04. GuruFocus rates STGSF with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 794 Oil & Gas companies, State Gas ranks better than 79.6% on this metric.
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 State Gas's Debt-to-Equity or its related term are showing as below:
STGSF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.11
Current: 0.11
During the past 8 years, the highest Debt-to-Equity Ratio of State Gas was 0.11. The lowest was 0.00. And the median was 0.04.
STGSF's Debt-to-Equity is ranked better than 79.6% of 794
companies
in the Oil & Gas industry
Industry Median: 0.46
vs STGSF: 0.11
State Gas (OTCPK:STGSF) Debt-to-Equity Explanation
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.
State Gas Debt-to-Equity Related Terms
State Gas Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for State Gas'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.
STGSF vs COP, EOG, FANG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, State Gas'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.
State Gas Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, State Gas's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where State Gas's Debt-to-Equity falls into.
* 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.
State Gas (STGSF) has a Debt-to-Equity of 0.11 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on State Gas and its competitors. This is 175% above median its historical median of 0.04. According to the industry distribution chart, State Gas ranks #162 out of 794 companies in the Oil & Gas industry, placing it in the top 20.4%.
Is State Gas' Debt-to-Equity too high?
State Gas' current Debt-to-Equity of 0.11 is 175% above median its 10-year median of 0.04. The Oil & Gas industry median Debt-to-Equity is 0.46. State Gas' value of 0.11 is 76.1% below this industry median. Based on the distribution chart, State Gas ranks #162 out of 794 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, State Gas has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does State Gas' Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, State Gas ranks #162 out of 794 companies for Debt-to-Equity. This places State Gas in the top 20% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.46. State Gas' value of 0.11 is 76.1% below this benchmark. While the company's 10-year median is 0.04 vs. the industry median of 0.46, State Gas has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 794 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. State Gas's current Debt-to-Equity of 0.11 is 76.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on State Gas and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. State Gas's current Debt-to-Equity is 0.11, which is 175% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Gas stock overvalued right now?
State Gas (STGSF) has a current Debt-to-Equity of 0.11. The current Debt-to-Equity is 0.11, which is 175% above median its 10-year median of 0.04 and 76.1% below the Oil & Gas industry median of 0.46. State Gas' overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For State Gas (STGSF), the current Debt-to-Equity is 0.11 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
State Gas Ltd is a natural gas exploration and development company with operations in the southern Bowen Basin in Central Queensland. The company's existing 100% owned exploration projects, when considered in conjunction with joint venture interests over adjoining areas, means State Gas has a prospective and substantial portfolio of natural gas resources. It operates in one segment, being the exploration and development of gas fields in Australia.
33GF Score
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