United Oil & Gas (LSE:UOG) Debt-to-Equity : 0.06 (As of Jun. 2023)

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

United Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £1.40 Mil. United Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.01 Mil. United Oil & Gas's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £22.00 Mil. United Oil & Gas's debt to equity for the quarter that ended in Jun. 2023 was 0.06.

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

LSE:UOG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.24
Current: 0.06

During the past 8 years, the highest Debt-to-Equity Ratio of United Oil & Gas was 0.24. The lowest was 0.00. And the median was 0.11.

LSE:UOG's Debt-to-Equity is ranked better than
88.76% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs LSE:UOG: 0.06

United Oil & Gas Debt-to-Equity Historical Data

The historical data trend for United 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.

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United Oil & Gas Debt-to-Equity Chart

United Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.24

0.11

United Oil & Gas Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial											0.17	0.11	0.08	0.11	0.06

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

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

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

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

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

United Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Oil & Gas's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.502	+	0.006)	/	22.133
	=	0.11

United Oil & Gas's Debt to Equity Ratio for the quarter 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
	=	(1.403	+	0.006)	/	21.995
	=	0.06

United Oil & Gas (LSE:UOG) 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.

United Oil & Gas Debt-to-Equity Related Terms

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

United Oil & Gas (LSE:UOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Oil & Gas PLC (LSE:UOG) » Definitions » Debt-to-Equity

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1UO:Germany

Address

34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA

Website

https://www.uogplc.com

United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue for the company.

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