Phoscan Chemical (TSX:FOS) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Phoscan Chemical Debt-to-Equity?

Phoscan Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$24.64 Mil. Phoscan Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$25.11 Mil. Phoscan Chemical's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$315.16 Mil. Phoscan Chemical's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Phoscan Chemical's Debt-to-Equity or its related term are showing as below:

TSX:FOS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.68 Max: 11.95
Current: 0.16

During the past 13 years, the highest Debt-to-Equity Ratio of Phoscan Chemical was 11.95. The lowest was 0.11. And the median was 0.68.

TSX:FOS's Debt-to-Equity is ranked better than
76.08% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSX:FOS: 0.16

Phoscan Chemical Debt-to-Equity Historical Data

The historical data trend for Phoscan Chemical's Debt-to-Equity 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.

* Premium members only.

Phoscan Chemical Debt-to-Equity Chart

Phoscan Chemical Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.20

11.95

0.35

0.11

0.16

Phoscan Chemical Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.18	0.16	0.15	0.16

Competitive Comparison of Phoscan Chemical's Debt-to-Equity

For the Oil & Gas E&P subindustry, Phoscan Chemical's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Phoscan Chemical's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Phoscan Chemical's Debt-to-Equity falls into.

Phoscan Chemical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Phoscan Chemical's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(24.641	+	25.105)	/	315.161
	=	0.16

Phoscan Chemical's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(24.641	+	25.105)	/	315.161
	=	0.16

Phoscan Chemical (TSX:FOS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Phoscan Chemical Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Phoscan Chemical's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Phoscan Chemical (TSX:FOS) Business Description

Industry

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PTRUF:USA PRQ:Canada

Address

2400, 240 - 4th Avenue SW, Calgary, AB, CAN, T2P 4H4

Website

https://www.petrusresources.com

Petrus Resources Ltd is an oil and gas company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.

Phoscan Chemical (TSX:FOS) Headlines

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