CoJax Oil & Gas (CoJax Oil & Gas) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is CoJax Oil & Gas Debt-to-Equity?

CoJax Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.11 Mil. CoJax Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.02 Mil. CoJax Oil & Gas's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $2.86 Mil. CoJax Oil & Gas's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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

CJAX' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.07 Med: 0.04 Max: 0.42
Current: 0.05

During the past 6 years, the highest Debt-to-Equity Ratio of CoJax Oil & Gas was 0.42. The lowest was -2.07. And the median was 0.04.

CJAX's Debt-to-Equity is ranked better than
89.77% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs CJAX: 0.05

CoJax Oil & Gas Debt-to-Equity Historical Data

The historical data trend for CoJax Oil & Gas'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.

CoJax Oil & Gas Debt-to-Equity Chart

CoJax Oil & Gas Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.44

-2.07

0.05

0.04

CoJax Oil & Gas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.03	0.03	0.04	0.05

Competitive Comparison of CoJax Oil & Gas's Debt-to-Equity

For the Oil & Gas E&P subindustry, CoJax Oil & Gas'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.

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

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

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

CoJax Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CoJax Oil & Gas'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
	=	(0.113	+	0.021)	/	3.068
	=	0.04

CoJax Oil & Gas's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.113	+	0.019)	/	2.864
	=	0.05

CoJax Oil & Gas (OTCPK:CJAX) 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.

CoJax Oil & Gas Debt-to-Equity Related Terms

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

CoJax Oil & Gas (CoJax Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CoJax Oil & Gas Corp (OTCPK:CJAX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3033 Wilson Boulevard, Suite E-605, Arlington, VA, USA, 22201

Website

https://www.cojaxoilandgas.com

CoJax Oil & Gas Corp is an oil and gas exploration and production company, with producing assets in Southwest Alabama. It is engaged in the acquisition and development of lower risk onshore oil and gas producing properties within the Southeastern United States.

Executives

Allan Bradley	director	539 JARVIS STREET, SUITE M2, TORONTO Z4 M4Y 2H7
Jeffrey J Guzy	director, 10 percent owner, officer: Chief Executive Officer	3130 19TH STREET, NORTH, ARLINGTON VA 22201
William Barrett Wellman	10 percent owner, officer: Chief Financial Officer	3130 19TH STREET, NORTH, ARLINGTON VA 22201
Roger Allums Mcleod	10 percent owner	1050 WOODLAND HILLS DRIVE, LAUREL MS 39440
Rosswood Capital, Llc	10 percent owner	1310 HOMEWOOD DRIVE, LAUREL MS 39440
Peter Biglane	10 percent owner	1310 HOMEWOOD DR., LAUREL MS 39440
Cojax Oil & Gas Corp	director, 10 percent owner, officer: Executive Chairman	3033 WILSON BLVD, SUITE E-605, ARLINGTON VA 22201

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