WDGRF (Wedgemount Resources) Debt-to-Revenue : 1.95 (As of Oct. 2024)

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What is Wedgemount Resources Debt-to-Revenue?

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

Wedgemount Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.48 Mil. Wedgemount Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $2.02 Mil. Wedgemount Resources's annualized Revenue for the quarter that ended in Oct. 2024 was $1.28 Mil. Wedgemount Resources's annualized Debt-to-Revenue for the quarter that ended in Oct. 2024 was 1.95.

Wedgemount Resources Debt-to-Revenue Historical Data

The historical data trend for Wedgemount Resources'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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Wedgemount Resources Debt-to-Revenue Chart

Wedgemount Resources Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Debt-to-Revenue

N/A

2.63

1.46

Wedgemount Resources Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Revenue	Get a 7-Day Free Trial											0.74	2.85	1.22	1.08	1.95

Competitive Comparison of Wedgemount Resources's Debt-to-Revenue

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

Wedgemount Resources's Debt-to-Revenue Distribution in the Oil & Gas Industry

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

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

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Wedgemount Resources Debt-to-Revenue Calculation

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

Wedgemount Resources's Debt-to-Revenue for the fiscal year that ended in Jul. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.551	+	0.604)	/	0.789
	=	1.46

Wedgemount Resources's annualized Debt-to-Revenue for the quarter that ended in Oct. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.48	+	2.019)	/	1.284
	=	1.95

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 (Oct. 2024) Revenue data.

Wedgemount Resources Debt-to-Revenue Related Terms

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Wedgemount Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wedgemount Resources Corp (OTCPK:WDGRF) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

WDGY:Canada

Address

2303 Lawson Avenue, West Vancouver, BC, CAN, V7V 2E5

Website

https://www.wedgemountresources.com

Wedgemount Resources Corp is a Vancouver based company engaged in the exploration for and the development and operation of petroleum and natural gas in the U.S.A. The company's project includes Willowbend, TCS and Millican Projects. The company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties.