Linc Energy (ASX:LNC) Debt-to-Equity : -4.77 (As of Dec. 2015)

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What is Linc Energy Debt-to-Equity?

Linc Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was A$188.51 Mil. Linc Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2015 was A$537.85 Mil. Linc Energy's Total Stockholders Equity for the quarter that ended in Dec. 2015 was A$-152.34 Mil. Linc Energy's debt to equity for the quarter that ended in Dec. 2015 was -4.77.

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

ASX:LNC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 0
Current: 31.93

ASX:LNC's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.445 vs ASX:LNC: 31.93

Linc Energy Debt-to-Equity Historical Data

The historical data trend for Linc 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.

Linc Energy Debt-to-Equity Chart

Linc Energy Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Debt-to-Equity

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0.01

0.42

1.07

1.93

31.93

Linc Energy Quarterly Data
	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Debt-to-Equity	Get a 7-Day Free Trial															3.17	4.70	31.93	-13.75	-4.77

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

For the Oil & Gas E&P subindustry, Linc 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.

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

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

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

Linc Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Linc Energy's Debt to Equity Ratio for the fiscal year that ended in Jun. 2015 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
	=	(174.4	+	483.542)	/	20.604
	=	31.93

Linc Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2015 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
	=	(188.514	+	537.853)	/	-152.339
	=	-4.77

Linc Energy (ASX:LNC) 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.

Linc Energy Debt-to-Equity Related Terms

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Linc Energy (ASX:LNC) Business Description

Industry

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

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Traded in Other Exchanges

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Address

32 Edward Street, Smellie & Company Building, Brisbane, QLD, AUS, 4000

Website

http://www.lincenergy.com

Linc Energy Ltd engages in exploration, development, and production of conventional oil and gas and unconventional syngas through the utilization of its underground coal gasification technology. The company's gulf coast properties are spread across Texas and Louisiana and include various producing wells over active fields, both onshore and in shallow state waters. Its segments consist of Oil and Gas engaged in exploration, development, and production of traditional oil and gas assets in North America; Clean Energy engaged in development and commercialization of Coal-to-Liquids processes through the combined utilization of Underground Coal Gasification and Gas to Liquids technologies; and Shale oil engaged in exploration of the company's petroleum exploration tenements in South Australia.