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TPET (Trio Petroleum) Debt-to-Equity : 0.20 (As of Jul. 2024)


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What is Trio Petroleum Debt-to-Equity?

Trio Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $1.57 Mil. Trio Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. Trio Petroleum's Total Stockholders Equity for the quarter that ended in Jul. 2024 was $8.06 Mil. Trio Petroleum's debt to equity for the quarter that ended in Jul. 2024 was 0.20.

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 Trio Petroleum's Debt-to-Equity or its related term are showing as below:

TPET' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06   Med: 0.9   Max: 2.55
Current: 0.2

During the past 3 years, the highest Debt-to-Equity Ratio of Trio Petroleum was 2.55. The lowest was 0.06. And the median was 0.90.

TPET's Debt-to-Equity is ranked better than
71.84% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs TPET: 0.20

Trio Petroleum Debt-to-Equity Historical Data

The historical data trend for Trio Petroleum'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.

Trio Petroleum Debt-to-Equity Chart

Trio Petroleum Annual Data
Trend Oct21 Oct22 Oct23
Debt-to-Equity
0.90 1.99 0.13

Trio Petroleum Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.13 0.14 0.06 0.20

Competitive Comparison of Trio Petroleum's Debt-to-Equity

For the Oil & Gas E&P subindustry, Trio Petroleum'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.

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

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

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


Trio Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trio Petroleum's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
=(1.218 + 0) / 9.743
=0.13

Trio Petroleum's Debt to Equity Ratio for the quarter that ended in Jul. 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
=(1.574 + 0) / 8.062
=0.20

* 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.

Trio Petroleum  (AMEX:TPET) 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.

Trio Petroleum Debt-to-Equity Related Terms

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

Trio Petroleum Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trio Petroleum Corp (AMEX:TPET) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
N/A
Address
4115 Blackhawk Plaza Circle, Suite 100, Danville, CA, USA, 94506
Website
http://www.triopetro.com
Trio Petroleum Corp is a California-focused oil and gas exploration and development company. It acquires, fund, and operate oil exploration and production from assets in California.
Executives
Gregory L Overholtzer officer: Chief Financial Officer 120 ROSE ORCHARD WAY, SAN JOSE CA 95134
Frank C Ingriselli director, officer: Chief Executive Officer 250 EAST HARTSDALE AVE, HARTSDALE NY 10530
Michael L Peterson director 17 CANARY COURT, DANVILLE CA 94526
John Hunter William director 930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451
Thomas J Pernice director 227 WEST MONROE, SUITE 3900, CHICAGO IL 60606
Robin A. Ross director C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Steve Rowlee officer: Chief Operating Officer C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Terry Eschner officer: President C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
Stanford Eschner director, officer: Executive Chairman C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506
John W. Randall director C/O TRIO PETROLEUM CORP., 4115 BLACKHAWK PLAZA CIRCLE, SUITE 100, DANVILLE CA 94506