Journey Energy (TSX:JOY) Debt-to-Revenue : 0.27 (As of Dec. 2023)

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What is Journey Energy Debt-to-Revenue?

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

Journey Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$50.8 Mil. Journey Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$11.6 Mil. Journey Energy's annualized Revenue for the quarter that ended in Dec. 2023 was C$232.6 Mil. Journey Energy's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Journey Energy Debt-to-Revenue Historical Data

The historical data trend for Journey 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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Journey Energy Debt-to-Revenue Chart

Journey Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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1.05

1.17

0.48

0.45

0.27

Journey Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Revenue	Get a 7-Day Free Trial															0.39	0.34	0.34	0.29	0.27

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

For the Oil & Gas E&P subindustry, Journey 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.

Journey Energy's Debt-to-Revenue Distribution in the Oil & Gas Industry

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

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

Journey Energy Debt-to-Revenue Calculation

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

Journey Energy's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(50.807	+	11.559)	/	233.898
	=	0.27

Journey Energy's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(50.807	+	11.559)	/	232.628
	=	0.27

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 (Dec. 2023) Revenue data.

Journey Energy Debt-to-Revenue Related Terms

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Journey Energy (TSX:JOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » Debt-to-Revenue

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Traded in Other Exchanges

JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.