Advantagewon Oil (Advantagewon Oil) Debt-to-Equity : -0.28 (As of Sep. 2023)

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What is Advantagewon Oil Debt-to-Equity?

Advantagewon Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.07 Mil. Advantagewon Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.06 Mil. Advantagewon Oil's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-0.46 Mil. Advantagewon Oil's debt to equity for the quarter that ended in Sep. 2023 was -0.28.

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 Advantagewon Oil's Debt-to-Equity or its related term are showing as below:

ANTGF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.81 Med: 0.03 Max: 0.35
Current: -0.28

During the past 7 years, the highest Debt-to-Equity Ratio of Advantagewon Oil was 0.35. The lowest was -1.81. And the median was 0.03.

ANTGF's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.26 vs ANTGF: -0.28

Advantagewon Oil Debt-to-Equity Historical Data

The historical data trend for Advantagewon Oil'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.

Advantagewon Oil Debt-to-Equity Chart

Advantagewon Oil Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.05

-1.31

-0.22

0.03

-0.27

Advantagewon Oil Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.28	-0.27	-0.25	-0.28

Competitive Comparison of Advantagewon Oil's Debt-to-Equity

For the Solar subindustry, Advantagewon Oil'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.

Advantagewon Oil's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Advantagewon Oil's Debt-to-Equity distribution charts can be found below:

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

Advantagewon Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advantagewon Oil's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.015	+	0.091)	/	-0.398
	=	-0.27

Advantagewon Oil's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.067	+	0.059)	/	-0.455
	=	-0.28

Advantagewon Oil (OTCPK:ANTGF) 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.

Advantagewon Oil Debt-to-Equity Related Terms

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Advantagewon Oil (Advantagewon Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advantagewon Oil Corp (OTCPK:ANTGF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

47 Colborne Street, Suite 307, Toronto, ON, CAN, M5E 1P8

Website

https://www.aoc-oil.com

Advantagewon Oil Corp is a Canada-based oil and gas company. It is engaged in the acquisition, exploration, development, and production of oil and gas reserves in North America. All of the company's revenue is derived from the sale of oil which is produced and sold in Alberta, Canada.

Advantagewon Oil (Advantagewon Oil) Headlines

From GuruFocus

Advantagewon Oil Corp. Receives Updated 51-101 Report Showing Combined Undiscounted Reserves Increase By 57% To $212 Million -- Spotlight Growth

By Marketwired Marketwired • 05-07-2018