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Westgate EnergyWGTFF -3.86%4 Debt-to-Equity is 44.75 as of Mar. 2026, which is 3008% above its 10-year median of 1.44. GuruFocus rates WGTFF with a GF Score™ of 4/100. The stock has 4 warning signs investors should review. Among 809 Oil & Gas companies, Westgate Energy ranks worse than 99.88% on this metric.
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:
WGTFF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -5.88 Med: 1.44 Max: 44.7
Current: 44.7
During the past 4 years, the highest Debt-to-Equity Ratio of Westgate Energy was 44.70. The lowest was -5.88. And the median was 1.44.
WGTFF's Debt-to-Equity is ranked worse than 99.88% of 809
companies
in the Oil & Gas industry
Industry Median: 0.45
vs WGTFF: 44.70
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
Westgate Energy Debt-to-Equity Historical Data
* Premium members only.
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.
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 Debt-to-Equity vs 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.
* 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.
Westgate Energy (WGTFF) has a Debt-to-Equity of 44.75 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Westgate Energy and its competitors. This is 3008% above median its historical median of 1.44. According to the industry distribution chart, Westgate Energy ranks #808 out of 809 companies in the Oil & Gas industry, placing it in the top 99.9%.
Is Westgate Energy's Debt-to-Equity too high?
Westgate Energy's current Debt-to-Equity of 44.75 is 3008% above median its 10-year median of 1.44. The Oil & Gas industry median Debt-to-Equity is 0.45. Westgate Energy's value of 44.75 is 9844.4% above this industry median. Based on the distribution chart, Westgate Energy ranks #808 out of 809 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Westgate Energy has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Westgate Energy's Debt-to-Equity compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Westgate Energy ranks #808 out of 809 companies for Debt-to-Equity. This places Westgate Energy in the lower half of its industry. The industry median Debt-to-Equity is 0.45. Westgate Energy's value of 44.75 is 9844.4% above this benchmark. While the company's 10-year median is 1.44 vs. the industry median of 0.45, Westgate Energy has consistently been above 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 0.45, based on 809 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. Westgate Energy's current Debt-to-Equity of 44.75 is 9844.4% above 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 Westgate Energy and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Westgate Energy's current Debt-to-Equity is 44.75, which is 3008% above median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westgate Energy stock overvalued right now?
Westgate Energy (WGTFF) has a current Debt-to-Equity of 44.75. The current Debt-to-Equity is 44.75, which is 3008% above median its 10-year median of 1.44 and 9844.4% above the Oil & Gas industry median of 0.45. Westgate Energy's overall GF Score™ is 4/100 with 4 warning signs to review. 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 Westgate Energy (WGTFF), the current Debt-to-Equity is 44.75 as of Mar. 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.
Westgate Energy Inc is an oil, natural gas and natural gas liquids (NGL or NGLs) exploration, development and production company with properties located in Western Canada. It is focused on the emerging Mannville Stack fairway, characterized by known accumulations of medium and heavy oil which are being unlocked with inventive drilling techniques that utilize multi-lateral horizontal drilling.
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