Cobra Venture (TSXV:CBV) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Cobra Venture Debt-to-Equity?

Cobra Venture's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Cobra Venture's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Cobra Venture's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$3.39 Mil. Cobra Venture's debt to equity for the quarter that ended in Feb. 2024 was 0.00.

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 Cobra Venture's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Cobra Venture was 0.06. The lowest was 0.06. And the median was 0.06.

TSXV:CBV's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Cobra Venture Debt-to-Equity Historical Data

The historical data trend for Cobra Venture'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.

Cobra Venture Debt-to-Equity Chart

Cobra Venture Annual Data

Trend

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Nov22

Debt-to-Equity

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Cobra Venture Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Cobra Venture's Debt-to-Equity

For the Oil & Gas E&P subindustry, Cobra Venture'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.

Cobra Venture's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Cobra Venture Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cobra Venture's Debt to Equity Ratio for the fiscal year that ended in Nov. 2022 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	+	0)	/	3.245
	=	0.00

Cobra Venture's Debt to Equity Ratio for the quarter that ended in Feb. 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	+	0)	/	3.385
	=	0.00

Cobra Venture (TSXV:CBV) 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.

Cobra Venture Debt-to-Equity Related Terms

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

Cobra Venture (TSXV:CBV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cobra Venture Corp (TSXV:CBV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

https://www.cobraventure.com

Cobra Venture Corp is a junior oil and gas company that is focused on the exploration and development of petroleum and natural gas interests in Canada. The company's properties are the Willesden Green area, Alberta; Davey Lake area, Alberta; and Gull Lake, Saskatchewan. It derives prime revenue from oil and gas production.

Executives

Stephane Poirier

10% Security Holder

Cobra Venture (TSXV:CBV) Headlines

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