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Greenfire Resources (TSX:GFR) Debt-to-Equity : 0.62 (As of Mar. 2024)


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What is Greenfire Resources Debt-to-Equity?

Greenfire Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$82.0 Mil. Greenfire Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$318.8 Mil. Greenfire Resources's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$648.2 Mil. Greenfire Resources's debt to equity for the quarter that ended in Mar. 2024 was 0.62.

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

TSX:GFR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31   Med: 0.56   Max: 0.62
Current: 0.62

During the past 4 years, the highest Debt-to-Equity Ratio of Greenfire Resources was 0.62. The lowest was 0.31. And the median was 0.56.

TSX:GFR's Debt-to-Equity is ranked worse than
59.93% of 826 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSX:GFR: 0.62

Greenfire Resources Debt-to-Equity Historical Data

The historical data trend for Greenfire 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.

Greenfire Resources Debt-to-Equity Chart

Greenfire Resources Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
- 0.46 0.31 0.56

Greenfire Resources Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial 0.31 N/A 0.57 0.56 0.62

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

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

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

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

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


Greenfire Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenfire 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
=(50.323 + 339.751) / 695
=0.56

Greenfire Resources's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(81.985 + 318.798) / 648.156
=0.62

* 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.

Greenfire Resources  (TSX:GFR) 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.

Greenfire Resources Debt-to-Equity Related Terms

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

Greenfire Resources (TSX:GFR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (TSX:GFR) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
GFR:USA
Address
1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7
Website
https://www.greenfireres.com
Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.
Executives
Jonathan William Klesch Director
Robert Bahr Logan Director, Senior Officer

Greenfire Resources (TSX:GFR) Headlines

From GuruFocus

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