Granite Ridge Resources (Granite Ridge Resources) Debt-to-Equity : 0.16 (As of Dec. 2023)

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What is Granite Ridge Resources Debt-to-Equity?

Granite Ridge Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Granite Ridge Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $110.0 Mil. Granite Ridge Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $671.6 Mil. Granite Ridge Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.16.

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

GRNT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.16 Max: 0.19
Current: 0.16

During the past 5 years, the highest Debt-to-Equity Ratio of Granite Ridge Resources was 0.19. The lowest was 0.11. And the median was 0.16.

GRNT's Debt-to-Equity is ranked better than
76.44% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs GRNT: 0.16

Granite Ridge Resources Debt-to-Equity Historical Data

The historical data trend for Granite Ridge 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.

Granite Ridge Resources Debt-to-Equity Chart

Granite Ridge Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.19

0.11

0.16

Granite Ridge Resources Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	0.04	0.08	0.13	0.16

Competitive Comparison of Granite Ridge Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, Granite Ridge 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.

Granite Ridge Resources's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Granite Ridge Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Granite Ridge Resources'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	+	110)	/	671.645
	=	0.16

Granite Ridge Resources'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
	=	(0	+	110)	/	671.645
	=	0.16

Granite Ridge Resources (NYSE:GRNT) 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.

Granite Ridge Resources Debt-to-Equity Related Terms

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

Granite Ridge Resources (Granite Ridge Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Ridge Resources Inc (NYSE:GRNT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

Y60:Germany

Address

5217 McKinney Avenue, Suite 400, Dallas, TX, USA, 75205

Website

https://www.graniteridge.com

Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific US basins in partnership with proven operators.

Executives

Matthew Reade Miller	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Griffin Perry	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Thaddeus Darden	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
John Mccartney	director	US ROBOTICS INC, 8100 MCCORMICK BLVD, SKOKIE IL 60076
Tyler Farquharson	officer: Chief Financial Officer	12377 MERIT DRIVE, SUITE 1700, LB 82, DALLAS TX 75251
Kirk Lazarine	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Iii, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Luke C Brandenberg	officer: President and CEO	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Michele J Everard	director	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Zoran Durkovic	officer: Chief Accounting Officer	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Gp Ii, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Amanda N. Coussens	director	C/O P10, INC., 4514 COLE AVENUE, SUITE 1600, DALLAS TX 75205
Grey Rock Energy Fund Ii-b, Lp	10 percent owner	2911 TURTLE CREEK BLVD, SUITE 1150, DALLAS TX 75219
Grey Rock Energy Partners Gp Ii, L.p.	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205
Grep Holdco Iii-b Holdings, Llc	10 percent owner	5217 MCKINNEY AVENUE, SUITE 400, DALLAS TX 75205