Permex Petroleum (XCNQ:OIL) Debt-to-Revenue : 0.28 (As of Jun. 2023)

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What is Permex Petroleum Debt-to-Revenue?

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

Permex Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.11 Mil. Permex Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.13 Mil. Permex Petroleum's annualized Revenue for the quarter that ended in Jun. 2023 was C$0.84 Mil. Permex Petroleum's annualized Debt-to-Revenue for the quarter that ended in Jun. 2023 was 0.28.

Permex Petroleum Debt-to-Revenue Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Debt-to-Revenue Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Debt-to-Revenue

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0.32

2.20

0.32

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Revenue	Get a 7-Day Free Trial															0.11	0.28	0.25	0.27	0.28

Competitive Comparison of Permex Petroleum's Debt-to-Revenue

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

Permex Petroleum's Debt-to-Revenue Distribution in the Oil & Gas Industry

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

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

Permex Petroleum Debt-to-Revenue Calculation

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

Permex Petroleum's Debt-to-Revenue for the fiscal year that ended in Sep. 2022 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.191	+	0.188)	/	1.171
	=	0.32

Permex Petroleum's annualized Debt-to-Revenue for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.106	+	0.129)	/	0.836
	=	0.28

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. 2023) Revenue data.

Permex Petroleum Debt-to-Revenue Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer