Cheetah Canyon Resources (Cheetah Canyon Resources) Debt-to-Equity : -0.04 (As of Sep. 2018)

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What is Cheetah Canyon Resources Debt-to-Equity?

Cheetah Canyon Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.05 Mil. Cheetah Canyon Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was $0.00 Mil. Cheetah Canyon Resources's Total Stockholders Equity for the quarter that ended in Sep. 2018 was $-1.32 Mil. Cheetah Canyon Resources's debt to equity for the quarter that ended in Sep. 2018 was -0.04.

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 Cheetah Canyon Resources's Debt-to-Equity or its related term are showing as below:

CRRDF's Debt-to-Equity is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.45
* Ranked among companies with meaningful Debt-to-Equity only.

Cheetah Canyon Resources Debt-to-Equity Historical Data

The historical data trend for Cheetah Canyon Resources'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.

Cheetah Canyon Resources Debt-to-Equity Chart

Cheetah Canyon Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Debt-to-Equity

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0.05

-0.13

-0.04

Cheetah Canyon Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Debt-to-Equity	Get a 7-Day Free Trial															-0.04	-0.04	-0.04	-0.04	-0.04

Competitive Comparison of Cheetah Canyon Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, Cheetah Canyon Resources'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.

Cheetah Canyon Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Cheetah Canyon Resources's Debt-to-Equity falls into.

Cheetah Canyon Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cheetah Canyon Resources's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 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
	=	(0.046	+	0)	/	-1.323
	=	-0.03

Cheetah Canyon Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2018 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
	=	(0.051	+	0)	/	-1.317
	=	-0.04

Cheetah Canyon Resources (OTCPK:CRRDF) 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.

Cheetah Canyon Resources Debt-to-Equity Related Terms

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

Cheetah Canyon Resources (Cheetah Canyon Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cheetah Canyon Resources Corp (OTCPK:CRRDF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3920 Delbrook Avenue, North Vancouver, BC, CAN, V7N 3Z8

Website

http://www.cardiffenergy.com

Cheetah Canyon Resources Corp engages in acquisition, exploration, development, and production of oil and gas reserves in the United States. The two geographical segments of the Company are Canada and the United States. Its projects include Garvin County Project, and Lincoln County Project.

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