Westgate Energy (TSXV:WGT) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Westgate Energy Debt-to-Equity?

Westgate Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Westgate Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Westgate Energy's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$11.64 Mil. Westgate Energy's debt to equity for the quarter that ended in Jun. 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 Westgate Energy's Debt-to-Equity or its related term are showing as below:

During the past 1 years, the highest Debt-to-Equity Ratio of Westgate Energy was -5.88. The lowest was -5.88. And the median was -5.88.

TSXV:WGT'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.

Westgate Energy Debt-to-Equity Historical Data

The historical data trend for Westgate 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.

Westgate Energy Debt-to-Equity Chart

Westgate Energy Annual Data

Trend

Dec22

Debt-to-Equity

-5.88

Westgate Energy Quarterly Data
	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	-5.88	N/A	-	-

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

For the Oil & Gas Drilling subindustry, Westgate 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.

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

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

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

Westgate Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Westgate Energy'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
	=	(0.094	+	0)	/	-0.016
	=	-5.88

Westgate Energy's Debt to Equity Ratio for the quarter that ended in Jun. 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)	/	11.638
	=	0.00

Westgate Energy (TSXV:WGT) 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.

Westgate Energy Debt-to-Equity Related Terms

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

Westgate Energy Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 4th Street SW, Suite 420, Calgary, AB, CAN, T2S 1W3

Website

https://www.westgateenergy.ca

Westgate Energy Inc is focused on the emerging Mannville Stack fairway located in East-Central Alberta and West Central Saskatchewan, where known accumulations of medium and heavy oil are being unlocked via the application of modern drilling techniques utilizing multi-lateral horizontal drilling. The application of these modernized multi-lateral drilling techniques has yielded some of the strongest oil well economics throughout Western Canada.

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