Rubellite Energy (TSX:RBY) Debt-to-Equity : 0.48 (As of Sep. 2024)

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What is Rubellite Energy Debt-to-Equity?

Rubellite Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$20.0 Mil. Rubellite Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$91.1 Mil. Rubellite Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$234.2 Mil. Rubellite Energy's debt to equity for the quarter that ended in Sep. 2024 was 0.47.

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

TSX:RBY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 3.93
Current: 0.48

During the past 3 years, the highest Debt-to-Equity Ratio of Rubellite Energy was 3.93. The lowest was 0.05. And the median was 0.15.

TSX:RBY's Debt-to-Equity is ranked worse than
50.73% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs TSX:RBY: 0.48

Rubellite Energy Debt-to-Equity Historical Data

The historical data trend for Rubellite 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.

Rubellite Energy Debt-to-Equity Chart

Rubellite Energy Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.08

0.15

Rubellite Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial								0.05	0.15	0.19	0.15	0.48

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

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

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

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

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

Rubellite Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rubellite 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
	=	(0	+	29.317)	/	199.311
	=	0.15

Rubellite 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
	=	(20	+	91.141)	/	234.182
	=	0.47

Rubellite Energy (TSX:RBY) 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.

Rubellite Energy Debt-to-Equity Related Terms

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

Rubellite Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rubellite Energy Corp (TSX:RBY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RUBLF:USA 6L00:Germany

Address

605 5 Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

https://www.rubelliteenergy.com

Rubellite Energy Corp is a Canadian energy company. The company is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The company is also engaged in the production of conventional heavy crude oil from the Clearwater Formation in Eastern Alberta, The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.

Executives

Ryan Goosen	Senior Officer
Jeff Green	Senior Officer
Tamara Macdonald	Director
Susan Riddell Rose	10% Security Holder, Director, Senior Officer
Ryan Shay	Director, Senior Officer
Bruce Shultz	Director
Linda Lee Mckean	Senior Officer

Rubellite Energy Headlines

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