Velocity Energy (Velocity Energy) Debt-to-Equity : -1.98 (As of Jun. 2009)

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What is Velocity Energy Debt-to-Equity?

Velocity Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2009 was $11.64 Mil. Velocity Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2009 was $0.00 Mil. Velocity Energy's Total Stockholders Equity for the quarter that ended in Jun. 2009 was $-5.88 Mil. Velocity Energy's debt to equity for the quarter that ended in Jun. 2009 was -1.98.

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

VCYE'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.

Velocity Energy Debt-to-Equity Historical Data

The historical data trend for Velocity 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.

Velocity Energy Debt-to-Equity Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Debt-to-Equity

-2.16

-6.65

-41.20

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Debt-to-Equity	Get a 7-Day Free Trial										1.13	1.56	-41.20	-2.77	-1.98

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

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

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

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

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

Velocity Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Velocity Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1.736	+	9.099)	/	-0.263
	=	-41.20

Velocity Energy's Debt to Equity Ratio for the quarter that ended in Jun. 2009 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
	=	(11.635	+	0)	/	-5.875
	=	-1.98

Velocity Energy (OTCPK:VCYE) 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.

Velocity Energy Debt-to-Equity Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

Velocity Energy (Velocity Energy) Headlines

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