Pine Cliff Energy (TSX:PNE) Debt-to-Equity : 0.75 (As of Mar. 2024)

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What is Pine Cliff Energy Debt-to-Equity?

Pine Cliff Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$16.8 Mil. Pine Cliff Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$46.9 Mil. Pine Cliff Energy's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$84.8 Mil. Pine Cliff Energy's debt to equity for the quarter that ended in Mar. 2024 was 0.75.

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

TSX:PNE' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.92 Med: 0.29 Max: 6.12
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Pine Cliff Energy was 6.12. The lowest was -6.92. And the median was 0.29.

TSX:PNE's Debt-to-Equity is ranked worse than
67.59% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSX:PNE: 0.75

Pine Cliff Energy Debt-to-Equity Historical Data

The historical data trend for Pine Cliff 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.

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Pine Cliff Energy Debt-to-Equity Chart

Pine Cliff Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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6.12

-1.71

1.00

0.03

0.62

Pine Cliff Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.03	0.03	0.62	0.75

Competitive Comparison of Pine Cliff Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Pine Cliff 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.

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

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

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

Pine Cliff Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pine Cliff 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
	=	(13.561	+	48.578)	/	99.928
	=	0.62

Pine Cliff Energy's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(16.819	+	46.9)	/	84.765
	=	0.75

Pine Cliff Energy (TSX:PNE) 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.

Pine Cliff Energy Debt-to-Equity Related Terms

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Pine Cliff Energy (TSX:PNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pine Cliff Energy Ltd (TSX:PNE) » Definitions » Debt-to-Equity

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PIFYF:USA

Address

1015 - 4th Street South West, Suite 850, Calgary, AB, CAN, T2R 1J4

Website

http://www.pinecliffenergy.com

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.

Executives

Calvin Blain Jacober

Director

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