True North Energy (True North Energy) Debt-to-Equity : 4.11 (As of Oct. 2008)

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What is True North Energy Debt-to-Equity?

True North Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2008 was $0.54 Mil. True North Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2008 was $2.81 Mil. True North Energy's Total Stockholders Equity for the quarter that ended in Oct. 2008 was $0.81 Mil. True North Energy's debt to equity for the quarter that ended in Oct. 2008 was 4.11.

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

TNEN's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

True North Energy Debt-to-Equity Historical Data

The historical data trend for True North 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.

True North Energy Debt-to-Equity Chart

True North Energy Annual Data

Trend

Apr05

Apr06

Apr07

Apr08

Debt-to-Equity

0.56

2.37

True North Energy Quarterly Data
	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08
Debt-to-Equity	Get a 7-Day Free Trial									1.27	1.60	2.37	2.60	4.11

Competitive Comparison of True North Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, True North 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.

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

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

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

True North Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

True North Energy's Debt to Equity Ratio for the fiscal year that ended in Apr. 2008 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
	=	(0.711	+	2.708)	/	1.441
	=	2.37

True North Energy's Debt to Equity Ratio for the quarter that ended in Oct. 2008 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
	=	(0.537	+	2.808)	/	0.814
	=	4.11

True North Energy (OTCPK:TNEN) 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.

True North Energy Debt-to-Equity Related Terms

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True North Energy (True North Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » True North Energy Corp (OTCPK:TNEN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7151 Gaston Avenue, Suite 801, Dallas, TX, USA, 75214

Website

https://www.tnencorp.com

True North Energy Corp is an independent oil and gas company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties located throughout the United States. The company currently holds assets in Colorado and Oklahoma.