Norstra Energy (Norstra Energy) Debt-to-Equity : -3.98 (As of Nov. 2013)

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What is Norstra Energy Debt-to-Equity?

Norstra Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2013 was $0.00 Mil. Norstra Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2013 was $0.84 Mil. Norstra Energy's Total Stockholders Equity for the quarter that ended in Nov. 2013 was $-0.21 Mil. Norstra Energy's debt to equity for the quarter that ended in Nov. 2013 was -3.98.

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 Norstra Energy's Debt-to-Equity or its related term are showing as below:

NORX'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.

Norstra Energy Debt-to-Equity Historical Data

The historical data trend for Norstra Energy'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.

Norstra Energy Debt-to-Equity Chart

Norstra Energy Annual Data

Trend

Feb12

Feb13

Debt-to-Equity

9.09

Norstra Energy Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13
Debt-to-Equity	Get a 7-Day Free Trial			-	9.09	2.94	-8.07	-3.98

Competitive Comparison of Norstra Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, Norstra Energy'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.

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

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

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

Norstra Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Norstra Energy's Debt to Equity Ratio for the fiscal year that ended in Feb. 2013 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	+	0.1)	/	0.011
	=	9.09

Norstra Energy's Debt to Equity Ratio for the quarter that ended in Nov. 2013 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	+	0.835)	/	-0.21
	=	-3.98

Norstra Energy (GREY:NORX) 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.

Norstra Energy Debt-to-Equity Related Terms

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Norstra Energy (Norstra Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norstra Energy Inc (GREY:NORX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1048 WEST 11TH, Suite 400, Spokane, WA, USA, 99204

Website

http://www.norstraenergy.com

Norstra Energy Inc explores and develops oil and gas properties. The exploration activities of company are subject to federal, state and local laws and regulations governing exploration, environmental matters, occupational health and safety, taxes, labor standards and other matters.

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