Decklar Resources (TSXV:DKL) Debt-to-Equity : 0.29 (As of Sep. 2023)

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What is Decklar Resources Debt-to-Equity?

Decklar Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.72 Mil. Decklar Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$6.70 Mil. Decklar Resources's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$29.23 Mil. Decklar Resources's debt to equity for the quarter that ended in Sep. 2023 was 0.29.

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 Decklar Resources's Debt-to-Equity or its related term are showing as below:

TSXV:DKL' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.48 Med: 0.13 Max: 0.64
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Decklar Resources was 0.64. The lowest was -0.48. And the median was 0.13.

TSXV:DKL's Debt-to-Equity is ranked better than
62.61% of 829 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSXV:DKL: 0.29

Decklar Resources Debt-to-Equity Historical Data

The historical data trend for Decklar Resources'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.

Decklar Resources Debt-to-Equity Chart

Decklar Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.48

0.12

0.08

0.01

0.27

Decklar Resources Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.22	0.27	0.28	0.29

Competitive Comparison of Decklar Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, Decklar Resources'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.

Decklar Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Decklar Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Decklar Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1.972	+	5.946)	/	29.789
	=	0.27

Decklar Resources's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.723	+	6.697)	/	29.227
	=	0.29

Decklar Resources (TSXV:DKL) 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.

Decklar Resources Debt-to-Equity Related Terms

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Decklar Resources (TSXV:DKL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Decklar Resources Inc (TSXV:DKL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DKLRF:USA A1U1:Germany

Address

8th Avenue S.W., Suite 525, 4600 Eighth Avenue Place East, Calgary, AB, CAN, T2P 1G1

Website

https://www.decklarresources.com

Decklar Resources Inc is an oil and gas exploration and development company principally focused on providing funding and technical advisory services to companies involved in the exploration and development of oil and gas properties in Nigeria. The company is developing the Oza Field located onshore in Oil Mining Lease (OML) 11 in Nigeria to increase production and reserves at the Oza Field.