Alvopetro Energy (TSXV:ALV) Debt-to-Equity : 0.09 (As of Sep. 2024)

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What is Alvopetro Energy Debt-to-Equity?

Alvopetro Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1.43 Mil. Alvopetro Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$9.55 Mil. Alvopetro Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$118.47 Mil. Alvopetro Energy's debt to equity for the quarter that ended in Sep. 2024 was 0.09.

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

TSXV:ALV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.12 Max: 0.55
Current: 0.09

During the past 12 years, the highest Debt-to-Equity Ratio of Alvopetro Energy was 0.55. The lowest was 0.00. And the median was 0.12.

TSXV:ALV's Debt-to-Equity is ranked better than
82.28% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs TSXV:ALV: 0.09

Alvopetro Energy Debt-to-Equity Historical Data

The historical data trend for Alvopetro 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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Alvopetro Energy Debt-to-Equity Chart

Alvopetro Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.45

0.29

0.12

0.10

Alvopetro 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															0.10	0.10	0.10	0.10	0.09

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

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

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

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

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

Alvopetro Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alvopetro 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
	=	(1.287	+	10.36)	/	118.34
	=	0.10

Alvopetro 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
	=	(1.428	+	9.553)	/	118.472
	=	0.09

Alvopetro Energy (TSXV:ALV) 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.

Alvopetro Energy Debt-to-Equity Related Terms

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

Alvopetro Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Alvopetro Energy Ltd (TSXV:ALV) » Definitions » Debt-to-Equity

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ALVOF:USA A6Y0:Germany

Address

215 - 9th Avenue SW, Suite 1920, Calgary, AB, CAN, T2P 1K3

Website

https://www.alvopetro.com

Alvopetro Energy Ltd is a Canada-based resource company engaged in the exploration, acquisition, development, and production of hydrocarbons in Brazil. It generates revenue from Natural gas, oil, and condensate sales, and all of its revenue is derived from Brazil. All natural gas, oil and condensate sales revenue is derived from Brazilian operations. All exploration and evaluation assets and all material property, plant and equipment are located in Brazil.

Executives