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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Canadian Overseas Petroleum's Total Liabilities for the quarter that ended in Sep. 2023 was $92.02 Mil. Canadian Overseas Petroleum's Total Assets for the quarter that ended in Sep. 2023 was $114.83 Mil.
Therefore, Canadian Overseas Petroleum's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2023 was 0.80.
Canadian Overseas Petroleum (OTCPK:VELXQ) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Canadian Overseas Petroleum Liabilities-to-Assets Related Terms
Canadian Overseas Petroleum Liabilities-to-Assets 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.
Canadian Overseas Petroleum Liabilities-to-Assets Chart
VELXQ vs COP, EOG, PXD: Liabilities-to-Assets Comparison
For the Oil & Gas E&P subindustry, Canadian Overseas Petroleum's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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 Liabilities-to-Assets vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Overseas Petroleum's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Canadian Overseas Petroleum's Liabilities-to-Assets falls into.
Canadian Overseas Petroleum Liabilities-to-Assets Calculation
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Canadian Overseas Petroleum's Liabilities-to-Assets 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 Liabilities-to-Assets of 0.80 as of Sep. 2023. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Canadian Overseas Petroleum and its competitors.
Is Canadian Overseas Petroleum's Liabilities-to-Assets too high?
Canadian Overseas Petroleum's current Liabilities-to-Assets is 0.80.
How does Canadian Overseas Petroleum's Liabilities-to-Assets compare to COP and EOG?
Canadian Overseas Petroleum's Liabilities-to-Assets of 0.80 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for an Oil & Gas company?
A good Liabilities-to-Assets depends on the Oil & Gas industry context. However, Liabilities-to-Assets 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 Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Canadian Overseas Petroleum and its competitors. Canadian Overseas Petroleum's current Liabilities-to-Assets is 0.80. 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 Liabilities-to-Assets of 0.80. The current Liabilities-to-Assets is 0.80. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Canadian Overseas Petroleum (VELXQ), the current Liabilities-to-Assets is 0.80 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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