Ithaca Energy (STU:XE3) Debt-to-Equity : 0.43 (As of Sep. 2024)

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What is Ithaca Energy Debt-to-Equity?

Ithaca Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €24 Mil. Ithaca Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €902 Mil. Ithaca Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €2,159 Mil. Ithaca Energy's debt to equity for the quarter that ended in Sep. 2024 was 0.43.

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

STU:XE3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.42 Max: 3.41
Current: 0.43

During the past 5 years, the highest Debt-to-Equity Ratio of Ithaca Energy was 3.41. The lowest was 0.31. And the median was 0.42.

STU:XE3's Debt-to-Equity is ranked better than
52.67% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs STU:XE3: 0.43

Ithaca Energy Debt-to-Equity Historical Data

The historical data trend for Ithaca 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.

Ithaca Energy Debt-to-Equity Chart

Ithaca Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.30

3.41

2.06

0.52

0.31

Ithaca Energy Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial										0.35	0.31	0.31	0.34	0.43

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

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

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

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

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

Ithaca Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ithaca 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
	=	(45.677	+	659.229)	/	2241.539
	=	0.31

Ithaca Energy'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
	=	(24.494	+	901.659)	/	2158.721
	=	0.43

Ithaca Energy (STU:XE3) 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.

Ithaca Energy Debt-to-Equity Related Terms

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Ithaca Energy Business Description

Industry

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ITHl:UK ITH:UK

Address

33 Cavendish Square, London, GBR, W1G 0PP

Website

https://www.ithacaenergy.com

Ithaca Energy PLC is engaged in the production and development of oil and gas properties. The company's assets are located in the Northern and Central North Sea, West of Shetland and Moray Firth areas of the UK Continental Shelf.

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