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The historical rank and industry rank for Canadian Overseas Petroleum's Equity-to-Asset or its related term are showing as below:
VELXQ'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.
Canadian Overseas Petroleum (OTCPK:VELXQ) 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%.
Canadian Overseas Petroleum Equity-to-Asset Related Terms
Canadian Overseas Petroleum Equity-to-Asset Historical Data
* 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.
VELXQ vs COP, EOG, PXD: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, Canadian Overseas Petroleum'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.
Canadian Overseas Petroleum Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Overseas Petroleum's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Canadian Overseas Petroleum's Equity-to-Asset falls into.
Canadian Overseas Petroleum 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.
Canadian Overseas Petroleum's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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.
Canadian Overseas Petroleum (VELXQ) has a Equity-to-Asset of 0.20 as of Sep. 2023. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Canadian Overseas Petroleum and its competitors.
Is Canadian Overseas Petroleum's Equity-to-Asset too high?
Canadian Overseas Petroleum's current Equity-to-Asset is 0.20. The Oil & Gas industry median Equity-to-Asset is 0.49. Canadian Overseas Petroleum's value of 0.20 is 59.2% below this industry median.
How does Canadian Overseas Petroleum's Equity-to-Asset compare to COP and EOG?
Canadian Overseas Petroleum's Equity-to-Asset of 0.20 can be compared against companies in the Oil & Gas industry. The industry median Equity-to-Asset is 0.49. Canadian Overseas Petroleum's value of 0.20 is 59.2% below this benchmark. 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 1,035 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. Canadian Overseas Petroleum's current Equity-to-Asset of 0.20 is 59.2% below the industry median. 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 Canadian Overseas Petroleum 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. Canadian Overseas Petroleum's current Equity-to-Asset is 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Overseas Petroleum stock overvalued right now?
Canadian Overseas Petroleum (VELXQ) has a current Equity-to-Asset of 0.20. The current Equity-to-Asset is 0.20 and 59.2% below the Oil & Gas industry median of 0.49. 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 Canadian Overseas Petroleum (VELXQ), the current Equity-to-Asset is 0.20 as of Sep. 2023. 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.
Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.
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