WTXR (West Texas Resources) Debt-to-Equity: 0.00 (As of Sep. 2023)

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What is West Texas Resources Debt-to-Equity?

West Texas Resources WTXR -0.81% Debt-to-Equity is 0.00 as of Sep. 2023.

West Texas Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. West Texas Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. West Texas Resources's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-0.01 Mil. West Texas Resources's debt to equity for the quarter that ended in Sep. 2023 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 West Texas Resources's Debt-to-Equity or its related term are showing as below:

WTXR's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

West Texas Resources  (OTCPK:WTXR) 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.

West Texas Resources Debt-to-Equity Related Terms

West Texas Resources Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for West Texas Resources'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.

West Texas Resources Debt-to-Equity Chart

West Texas Resources Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Debt-to-Equity
Get a 7-Day Free Trial 0.00 0.00 0.30 0.00 0.00

West Texas Resources Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Sep22 Sep23
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 0.02 0.02 0.00 N/A 0.00

WTXR vs GSPE, FECOF, VBHI: Debt-to-Equity Comparison

For the Oil & Gas E&P subindustry, West Texas Resources'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.

West Texas Resources Debt-to-Equity vs Oil & Gas Industry

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

* The bar in red indicates where West Texas Resources's Debt-to-Equity falls into.


West Texas Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

West Texas Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 2016 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) / 0.046
=0.00

West Texas Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2023 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) / -0.009
=0.00

* 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 0.00 mean?
West Texas Resources (WTXR) has a Debt-to-Equity of 0.00 as of Sep. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on West Texas Resources and its competitors.
Is West Texas Resources' Debt-to-Equity too high?
West Texas Resources' current Debt-to-Equity is 0.00.
How does West Texas Resources' Debt-to-Equity compare to GSPE and FECOF?
West Texas Resources' Debt-to-Equity of 0.00 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.44. 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 808 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. 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 West Texas Resources 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. West Texas Resources's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Texas Resources stock overvalued right now?
West Texas Resources (WTXR) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. 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 West Texas Resources (WTXR), the current Debt-to-Equity is 0.00 as of Sep. 2023. 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.

West Texas Resources Business Description

Industry EnergyOil & Gas
Address 2628 TX 36 South, Suite 307, Brenham, TX, USA, 77833
West Texas Resources Inc is a United States-based company engaged in the acquisition, exploration, and development of oil and gas properties in North America. The company generates income from leased interests in oil properties in North America.