Karoon Energy (ASX:KAR) Debt-to-Equity : 0.54 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Karoon Energy Debt-to-Equity?

Karoon Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$73 Mil. Karoon Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$658 Mil. Karoon Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1,366 Mil. Karoon Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.53.

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 Karoon Energy's Debt-to-Equity or its related term are showing as below:

ASX:KAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.82 Max: 1.6
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of Karoon Energy was 1.60. The lowest was 0.00. And the median was 0.82.

ASX:KAR's Debt-to-Equity is ranked worse than
55.21% of 835 companies
in the Oil & Gas industry
Industry Median: 0.44 vs ASX:KAR: 0.54

Karoon Energy Debt-to-Equity Historical Data

The historical data trend for Karoon Energy'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.

Karoon Energy Debt-to-Equity Chart

Karoon Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.82

1.14

0.58

Karoon Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.14	1.60	0.58	0.54

Competitive Comparison of Karoon Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Karoon Energy'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.

Karoon Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Karoon Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Karoon Energy's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(70.328	+	340.465)	/	705.664
	=	0.58

Karoon Energy'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
	=	(72.907	+	657.509)	/	1365.516
	=	0.53

Karoon Energy (ASX:KAR) 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.

Karoon Energy Debt-to-Equity Related Terms

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

Karoon Energy (ASX:KAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Karoon Energy Ltd (ASX:KAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KRNGY:USA KRNGF:USA LBL:Germany

Address

6 Riverside Quay, Level 3, Suite 3.02, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.karoonenergy.com.au

Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil's offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon's permits which could potentially add further reserves in the medium term.