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MMEX Resources (MMEX Resources) Debt-to-Equity : -0.55 (As of Jan. 2024)


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What is MMEX Resources Debt-to-Equity?

MMEX Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1.94 Mil. MMEX Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. MMEX Resources's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-3.55 Mil. MMEX Resources's debt to equity for the quarter that ended in Jan. 2024 was -0.55.

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

MMEX' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.04   Med: -0.38   Max: -0.07
Current: -0.55

During the past 13 years, the highest Debt-to-Equity Ratio of MMEX Resources was -0.07. The lowest was -2.04. And the median was -0.38.

MMEX's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.445 vs MMEX: -0.55

MMEX Resources Debt-to-Equity Historical Data

The historical data trend for MMEX 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.

MMEX Resources Debt-to-Equity Chart

MMEX Resources Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.33 -0.38 -0.30 -0.84 -0.62

MMEX Resources Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.67 -0.62 -0.60 -0.56 -0.55

Competitive Comparison of MMEX Resources's Debt-to-Equity

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

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

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

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


MMEX Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MMEX Resources's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
=(1.792 + 0) / -2.875
=-0.62

MMEX Resources's Debt to Equity Ratio for the quarter that ended in Jan. 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
=(1.941 + 0) / -3.553
=-0.55

* 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.

MMEX Resources  (OTCPK:MMEX) 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.

MMEX Resources Debt-to-Equity Related Terms

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

MMEX Resources (MMEX Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MMEX Resources Corp (OTCPK:MMEX) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
N/A
Address
3600 Dickinson, Fort Stockton, TX, USA, 78735
Website
https://www.mmexresources.com
MMEX Resources Corp is a resource development company. Principally, it is engaged in the exploration, extraction, refining, and distribution of oil, gas, petroleum products and electric power projects in Texas, Peru, and other countries in Latin America. The company intends to build crude oil refining facilities in the Permian Basin in West Texas. It also focuses on operations of around 10,000 BPD distillation units that will produce a non-transportation grade diesel for sale in the local market for drilling frac fluids, along with naphtha and residual fuel oil to be sold to other refiners.
Executives
Nabil Katabi 10 percent owner 3616 FAR WEST BLVD., #117, AUSTIN TX 78731
Jack Walton Hanks director, officer: President, CEO 3616 FAR WEST BLVD #117-321, AUSTIN TX 78731
Bruce Lemons director 7 NORTHRIDGE LANE, SANDY UT 84092
Matthew K Szot officer: Chief Financial Officer 802 NORTH DOUTY STREET, HANFORD CA 93230
Tydus Richards director, officer: Chairman of the Board 23 CORPORATE PLAZA, SUITE 280, NEWPORT BEACH CA 92660
Baugues John Paul Jr director, 10 percent owner, officer: Chief Executive Officer 3203 THIRD AVE NORTH, BILLINGS MN 59101