Criterium Energy (TSXV:CEQ) Debt-to-Equity : 0.14 (As of Dec. 2023)

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What is Criterium Energy Debt-to-Equity?

Criterium Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil. Criterium Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.11 Mil. Criterium Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.01 Mil. Criterium Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.13.

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

TSXV:CEQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.5 Med: 0.04 Max: 0.65
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Criterium Energy was 0.65. The lowest was -3.50. And the median was 0.04.

TSXV:CEQ's Debt-to-Equity is ranked better than
78.7% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSXV:CEQ: 0.14

Criterium Energy Debt-to-Equity Historical Data

The historical data trend for Criterium 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.

Criterium Energy Debt-to-Equity Chart

Criterium Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-3.50

0.04

0.14

Criterium Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.04	0.05	0.07	0.14

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

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

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

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

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

Criterium Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Criterium Energy'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
	=	(0.028	+	0.108)	/	1.01
	=	0.13

Criterium Energy'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
	=	(0.028	+	0.108)	/	1.01
	=	0.13

Criterium Energy (TSXV:CEQ) 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.

Criterium Energy Debt-to-Equity Related Terms

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

Criterium Energy (TSXV:CEQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Criterium Energy Ltd (TSXV:CEQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

202 - 6 Avenue SW, Bow Valley Square Tower 1?, Suite 1120, Calgary, AB, CAN, T2P 2R9

Website

https://www.criteriumenergy.com

Criterium Energy Ltd is engaged in the acquisition of assets for the exploration, development, and production of oil and natural gas. The group is engaged in the sustainable development of assets in South East Asia by evolving its portfolio to produce traditional and emerging energy sources. The company's major operations are located in Indonesia and Canada. It has two operating segments, one being the acquisition, exploration and development of oil and gas properties in Indonesia and the second being oil and gas royalties from properties in Canada.

Executives

David Bruce Dunlop

Director

Criterium Energy (TSXV:CEQ) Headlines

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