American Noble Gas (American Noble Gas) Debt-to-Equity : -0.27 (As of Sep. 2023)

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What is American Noble Gas Debt-to-Equity?

American Noble Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.21 Mil. American Noble Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.03 Mil. American Noble Gas's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-4.60 Mil. American Noble Gas's debt to equity for the quarter that ended in Sep. 2023 was -0.27.

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 American Noble Gas's Debt-to-Equity or its related term are showing as below:

AMNI' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.54 Med: -0.19 Max: -0.01
Current: -0.27

During the past 13 years, the highest Debt-to-Equity Ratio of American Noble Gas was -0.01. The lowest was -0.54. And the median was -0.19.

AMNI's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs AMNI: -0.27

American Noble Gas Debt-to-Equity Historical Data

The historical data trend for American Noble 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.

* Premium members only.

American Noble Gas Debt-to-Equity Chart

American Noble Gas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.23

-0.08

-0.03

-0.13

-0.26

American Noble Gas Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.42	-0.26	-0.26	-0.29	-0.27

Competitive Comparison of American Noble Gas's Debt-to-Equity

For the Oil & Gas E&P subindustry, American Noble 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.

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

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

* The bar in red indicates where American Noble Gas's Debt-to-Equity falls into.

American Noble Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American Noble 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
	=	(1.313	+	0.029)	/	-5.259
	=	-0.26

American Noble Gas's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.209	+	0.029)	/	-4.597
	=	-0.27

American Noble Gas (OTCPK:AMNI) 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.

American Noble Gas Debt-to-Equity Related Terms

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

American Noble Gas (American Noble Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » American Noble Gas Inc (OTCPK:AMNI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15612 College Boulevard, Lenexa, KS, USA, 66219

Website

https://www.amnoblegas.com

American Noble Gas Inc is active in the energy sector. It has conducted an environmental study and developed geological information from the reprocessing and additional evaluation of existing three-dimensional (3-D) seismic data in the Perlas and Tyra concession blocks.

Executives

Thomas J Heckman	10 percent owner, officer: CEO & CFO	15612 COLLEGE BLVD., LENEXA KS 66219
John A Loeffelbein	officer: Chief Operating Officer	11900 COLLEGE BLVD., SUITE 310, OVERLAND PARK, KANSAS KS 66210
Amegy Bank National Association /gfn	10 percent owner
Daniel F Hutchins	director, officer: CFO & Secretary	11900 COLLEGE BOULEVARD, SUITE 310, OVERLAND PARK KS 66210
Renato Bertani	officer: Chief Operating Officer	633 SEVENTEENTH STREET, SUITE 1800, DENVER CO 80202
Infinity Inc	director, officer: President and CEO	15612 COLLEGE BLVD., LENEXA KS 66219
Timothy A Ficker	officer: VP and Chief Financial Officer	1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
Elliot M Kaplan	director	9705 LOIRET BLVD., LENEXA KS 66219
Orrie Lee Tawes	director	CIBC OPPENHEIMER WORLD FINANCIAL CENTER, NEW YORK NY 110281
Leroy C Richie	director	15612 COLLEGE BLVD., LENEXA KS 66219
Stanton E Ross	director, officer: President and Treasurer	15612 COLLEGE BLVD., LENEXA KS 66219
Jon D Klugh	officer: CFO and Secretary	211 WEST 14TH STREET, CHANUTE KS 67202
James A Tuell	officer: Pres-Infinity Oil & Gas of Wyo	1700 LINCOLN ST., SUITE 2800, DENVER CO 80203
Stephen D Stanfield	officer: Pres-Consol. Oil Well Services	950 SEVENTEENTH ST STE 800, DENVER CO 80202
James W Dean	officer: VP - Strategic and Corp. Dev.	950 SEVENTEENTH ST STE 800, DENVER CO 80202