LOGL (Legend Oil & Gas) Equity-to-Asset: -1.73 (As of Dec. 2016)

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What is Legend Oil & Gas Equity-to-Asset?

Legend Oil & Gas LOGL -90.00% Equity-to-Asset is -1.73 as of Dec. 2016.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Legend Oil & Gas's Total Stockholders Equity for the quarter that ended in Dec. 2016 was $-6.43 Mil. Legend Oil & Gas's Total Assets for the quarter that ended in Dec. 2016 was $3.72 Mil. Therefore, Legend Oil & Gas's Equity to Asset Ratio for the quarter that ended in Dec. 2016 was -1.73.

The historical rank and industry rank for Legend Oil & Gas's Equity-to-Asset or its related term are showing as below:

LOGL's Equity-to-Asset is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.49
* Ranked among companies with meaningful Equity-to-Asset only.

Legend Oil & Gas (OTCPK:LOGL) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Legend Oil & Gas Equity-to-Asset Related Terms

Legend Oil & Gas Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Legend Oil & Gas's Equity-to-Asset 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.

Legend Oil & Gas Equity-to-Asset Chart

Legend Oil & Gas Annual Data

Trend

Dec04

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Equity-to-Asset

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-2.88

-0.66

-0.72

-0.04

-1.73

Legend Oil & Gas Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Equity-to-Asset	Get a 7-Day Free Trial															-0.04	-0.19	-0.42	-0.95	-1.73

LOGL vs ARSLF, PTRDF, DBRM: Equity-to-Asset Comparison

For the Oil & Gas Midstream subindustry, Legend Oil & Gas's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Legend Oil & Gas Equity-to-Asset vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Legend Oil & Gas's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Legend Oil & Gas's Equity-to-Asset falls into.

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Legend Oil & Gas Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Legend Oil & Gas's Equity to Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as

Equity to Asset (A: Dec. 2016 )	=	Total Stockholders Equity	/	Total Assets
	=	-6.433	/	3.723
	=	-1.73

Legend Oil & Gas's Equity to Asset Ratio for the quarter that ended in Dec. 2016 is calculated as

Equity to Asset (Q: Dec. 2016 )	=	Total Stockholders Equity	/	Total Assets
	=	-6.433	/	3.723
	=	-1.73

Frequently Asked Questions Learn more about Equity-to-Asset →

What does a Equity-to-Asset of -1.73 mean?

Legend Oil & Gas (LOGL) has a Equity-to-Asset of -1.73 as of Dec. 2016. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Legend Oil & Gas and its competitors.

Is Legend Oil & Gas' Equity-to-Asset too high?

Legend Oil & Gas' current Equity-to-Asset is -1.73.

How does Legend Oil & Gas' Equity-to-Asset compare to ARSLF and PTRDF?

Legend Oil & Gas' Equity-to-Asset of -1.73 can be compared against companies in the Oil & Gas industry. The industry median Equity-to-Asset is 0.49. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Equity-to-Asset for an Oil & Gas company?

The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset 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 Equity-to-Asset mean?

A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Legend Oil & Gas and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Oil & Gas's current Equity-to-Asset is -1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Legend Oil & Gas stock overvalued right now?

Legend Oil & Gas (LOGL) has a current Equity-to-Asset of -1.73. The current Equity-to-Asset is -1.73. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Equity-to-Asset calculated?

Equity-to-Asset is calculated from a company's financial statements. For Legend Oil & Gas (LOGL), the current Equity-to-Asset is -1.73 as of Dec. 2016. 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.

Legend Oil & Gas Business Description

Industry Energy Oil & Gas

Comparable Companies ARSLF PTRDF DBRM ALTX EXNT UERLF DRKOF HEXPF EMPR GPIPF CNENF GDPMQ IFNY BYIN EMBYF QPTRF ANFC GVLMF AKVA UNIGF

Address 555 North Point Center East, Suite 400, Alpharetta, GA, USA, 30022

Website http://www.maxxonenergy.com

Legend Oil & Gas Ltd is a crude oil hauling and trucking company. The company's principal operations are in the Bakken region of North Dakota and the Permian Basin in Texas and New Mexico. Its focus is to grow its core business and expand its crude oil hauling operations into other basins throughout the United States. The company's only segment is oil and gas.