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


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What is Westgate Energy Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

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 annualized Revenue for the quarter that ended in Jun. 2024 was C$6.10 Mil. Westgate Energy's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.


Westgate Energy Debt-to-Revenue Historical Data

The historical data trend for Westgate Energy's Debt-to-Revenue 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.

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Westgate Energy Debt-to-Revenue Chart

Westgate Energy Annual Data
Trend Dec22
Debt-to-Revenue
0.52

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

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

For the Oil & Gas Drilling subindustry, Westgate Energy's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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-Revenue Distribution in the Oil & Gas Industry

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

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



Westgate Energy Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Westgate Energy's Debt-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.094 + 0) / 0.181
=0.52

Westgate Energy's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Jun. 2024) Revenue data.


Westgate Energy Debt-to-Revenue Related Terms

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Westgate Energy Business Description

Traded in Other Exchanges
N/A
Address
2020 4th Street SW, Suite 420, Calgary, AB, CAN, T2S 1W3
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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