Texhoma Energy (Texhoma Energy) Debt-to-Equity : -1.74 (As of Jun. 2008)

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What is Texhoma Energy Debt-to-Equity?

Texhoma Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2008 was $0.30 Mil. Texhoma Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2008 was $7.93 Mil. Texhoma Energy's Total Stockholders Equity for the quarter that ended in Jun. 2008 was $-4.75 Mil. Texhoma Energy's debt to equity for the quarter that ended in Jun. 2008 was -1.73.

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

TXHE'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.

Texhoma Energy Debt-to-Equity Historical Data

The historical data trend for Texhoma 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.

Texhoma Energy Debt-to-Equity Chart

Texhoma Energy Annual Data

Trend

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

Debt-to-Equity

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-1.00

-4.26

-1.94

Texhoma Energy Quarterly Data
	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
Debt-to-Equity	Get a 7-Day Free Trial															-2.80	-1.94	-2.06	-1.92	-1.74

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

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

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

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

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

Texhoma Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Texhoma Energy's Debt to Equity Ratio for the fiscal year that ended in Sep. 2007 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
	=	(0.453	+	8.155)	/	-4.444
	=	-1.94

Texhoma Energy's Debt to Equity Ratio for the quarter that ended in Jun. 2008 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
	=	(0.3	+	7.932)	/	-4.745
	=	-1.73

Texhoma Energy (GREY:TXHE) 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.

Texhoma Energy Debt-to-Equity Related Terms

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Texhoma Energy (Texhoma Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Texhoma Energy Inc (GREY:TXHE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

24624 I-45 North, Suite 200, Spring, TX, USA, 77386

Website

http://www.texhomaenergy.com

Texhoma Energy Inc is an oil and gas company. It is primarily engaged in the acquisition, exploration, and development of crude oil and natural gas properties. The company holds interests in approximately five oil wells located on the Shooter 916 lease located in Ochiltree County, Texas. It also holds interests in the Tonto North 390 B No. 3 well located in Scurry County, Texas. The firm has various non-operated working interests in approximately eight wells located in Gregg and Upshur Counties, Texas.

Texhoma Energy (Texhoma Energy) Headlines

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