Topaz Energy (TSX:TPZ) Debt-to-Equity : 0.36 (As of Sep. 2024)

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What is Topaz Energy Debt-to-Equity?

Topaz Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.0 Mil. Topaz Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$419.5 Mil. Topaz Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$1,151.1 Mil. Topaz Energy's debt to equity for the quarter that ended in Sep. 2024 was 0.36.

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

TSX:TPZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.3 Max: 0.38
Current: 0.36

During the past 5 years, the highest Debt-to-Equity Ratio of Topaz Energy was 0.38. The lowest was 0.01. And the median was 0.30.

TSX:TPZ's Debt-to-Equity is ranked better than
56.19% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs TSX:TPZ: 0.36

Topaz Energy Debt-to-Equity Historical Data

The historical data trend for Topaz 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.

Topaz Energy Debt-to-Equity Chart

Topaz Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.21

0.34

0.32

Topaz Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.33	0.32	0.30	0.38	0.36

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

For the Oil & Gas Midstream subindustry, Topaz 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.

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

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

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

Topaz Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Topaz 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	+	391.638)	/	1243.778
	=	0.31

Topaz 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
	=	(0	+	419.518)	/	1151.051
	=	0.36

Topaz Energy (TSX:TPZ) 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.

Topaz Energy Debt-to-Equity Related Terms

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Topaz Energy Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TPZEF:USA 5XU:Germany

Address

250 - 6th Avenue SW, Suite 2900, Calgary, AB, CAN, T2P 3H7

Website

https://www.topazenergy.ca

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. It generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.

Executives

Stephen Phillip Larke	Director
Brian Robinson	Director
Mike Rose	Director
Marty Staples	Senior Officer
Cheree Stephenson	Senior Officer
Jill Terilee Angevine	Director or Senior Officer of 10% Security Holder
Andrew B. Macdonald	Director or Senior Officer of 10% Security Holder
Darlene Gay Harris	Director
Jim Davidson	Director
Ron Wigham	Director or Senior Officer of 10% Security Holder