Pulse Oil (TSXV:PUL) Debt-to-Equity: 0.21 (As of Jun. 2026) — 2000% Above Median

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Director of Data and Quant Analytics at GuruFocus
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What is Pulse Oil Debt-to-Equity?

Pulse Oil TSXV:PUL +50.00% Debt-to-Equity is 0.21 as of Jun. 2026, which is 2000% above its 10-year median of 0.01. The stock has 5 warning signs investors should review. Among 810 Oil & Gas companies, Pulse Oil ranks better than 67.9% on this metric.

Pulse Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$4.76 Mil. Pulse Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$0.00 Mil. Pulse Oil's Total Stockholders Equity for the quarter that ended in Jun. 2026 was C$22.73 Mil. Pulse Oil's debt to equity for the quarter that ended in Jun. 2026 was 0.21.

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 Pulse Oil's Debt-to-Equity or its related term are showing as below:

TSXV:PUL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.21
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Pulse Oil was 0.21. The lowest was 0.00. And the median was 0.01.

TSXV:PUL's Debt-to-Equity is ranked better than
67.9% of 810 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSXV:PUL: 0.21

Pulse Oil  (TSXV:PUL) 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.


Pulse Oil Debt-to-Equity Related Terms


Pulse Oil Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Pulse Oil'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.

Pulse Oil Debt-to-Equity Chart

Pulse Oil Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.01 0.01 0.00 0.15

Pulse Oil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.05 0.10 0.15 0.21

TSXV:PUL vs COP, EOG, OXY: Debt-to-Equity Comparison

For the Oil & Gas E&P subindustry, Pulse Oil'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.


Pulse Oil Debt-to-Equity vs Oil & Gas Industry

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

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



Pulse Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pulse Oil's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Pulse Oil's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.21 mean?
Pulse Oil (TSXV:PUL) has a Debt-to-Equity of 0.21 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pulse Oil and its competitors. This is 2000% above median its historical median of 0.01. According to the industry distribution chart, Pulse Oil ranks #260 out of 810 companies in the Oil & Gas industry, placing it in the top 32.1%.
Is Pulse Oil's Debt-to-Equity too high?
Pulse Oil's current Debt-to-Equity of 0.21 is 2000% above median its 10-year median of 0.01. The Oil & Gas industry median Debt-to-Equity is 0.44. Pulse Oil's value of 0.21 is 52.3% below this industry median. Based on the distribution chart, Pulse Oil ranks #260 out of 810 companies in the Oil & Gas industry, which is above the industry midpoint.
How does Pulse Oil's Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Pulse Oil ranks #260 out of 810 companies for Debt-to-Equity. This puts Pulse Oil in the upper half of its industry. The industry median Debt-to-Equity is 0.44. Pulse Oil's value of 0.21 is 52.3% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.44, Pulse Oil has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.44, based on 810 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pulse Oil's current Debt-to-Equity of 0.21 is 52.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pulse Oil and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pulse Oil's current Debt-to-Equity is 0.21, which is 2000% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulse Oil stock overvalued right now?
Based on GuruFocus' analysis, Pulse Oil (TSXV:PUL) is currently considered Modestly Undervalued. The stock's GF Value™ is C$0.02, compared to a current price of C$0.02 — trading 25% below its estimated fair value. The current Debt-to-Equity is 0.21, which is 2000% above median its 10-year median of 0.01 and 52.3% below the Oil & Gas industry median of 0.44. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Pulse Oil (TSXV:PUL), the current Debt-to-Equity is 0.21 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pulse Oil Business Description

Industry EnergyOil & Gas
Address 666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
Pulse Oil Corp is a Canadian oil and gas company engaged in oil and gas exploration and production in Canada. It has two primary reporting segments located in the Bigoray area of Alberta and the Queenstown area of southern Alberta. The company holds various acres of land in the Bigoray area of Alberta and the Queenstown area of southern Alberta, managing its oil and gas assets, including proved, probable, producing, and non-producing reserves. It focuses on enhanced oil recovery (EOR) in its Nisku D and E Pools, aiming to improve production efficiency through miscible flood schemes. The company produces all of its crude oil and natural gas through conventional methods of production. All production is transported via pipeline or trucking to nearby purchasers of all products.