Petro USA (Petro USA) Debt-to-Equity : -0.14 (As of Dec. 2023)

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What is Petro USA Debt-to-Equity?

Petro USA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil. Petro USA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Petro USA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.15 Mil. Petro USA's debt to equity for the quarter that ended in Dec. 2023 was -0.14.

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 Petro USA's Debt-to-Equity or its related term are showing as below:

PBAJ' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.14 Med: -0.03 Max: -0.03
Current: -0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Petro USA was -0.03. The lowest was -0.14. And the median was -0.03.

PBAJ's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs PBAJ: -0.14

Petro USA Debt-to-Equity Historical Data

The historical data trend for Petro USA'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.

Petro USA Debt-to-Equity Chart

Petro USA Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

-0.04

-0.03

Petro USA 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															-0.03	-0.03	-0.03	-0.14	-0.14

Competitive Comparison of Petro USA's Debt-to-Equity

For the Shell Companies subindustry, Petro USA'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.

Petro USA's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Petro USA's Debt-to-Equity distribution charts can be found below:

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

Petro USA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petro USA's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.004	+	0)	/	-0.128
	=	-0.03

Petro USA'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
	=	(0.022	+	0)	/	-0.154
	=	-0.14

Petro USA (OTCPK:PBAJ) 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.

Petro USA Debt-to-Equity Related Terms

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

Petro USA (Petro USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Petro USA Inc (OTCPK:PBAJ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7325 Oswego Road, Liverpool, NY, USA, 13090

Website

https://www.allstatepropertiesholdings.com

Petro USA Inc, formerly All State Properties Holdings Inc not commenced any planned principal operations.

Executives

Joseph Charles Passalaqua	director, 10 percent owner, officer: CEO	106 GLENWOOD DR SOUTH, LIVERPOOL NY 13090
Robert L Hamilton	director, 10 percent owner, officer: President/CEO	3431 FAIRWAY DR, SOMERSET KY 42503
John C Miller	officer: President & COO	6465 N. QUAIL HOLLOW RD, SUITE 200, MEMPHIS TN 38120-1417
E Robert Gates	director, 10 percent owner, officer: Chief Executive Officer	222O HICKORY CREST DR, MEMPHIS TN 38120
Belmont Partners, Llc	director, 10 percent owner, officer: President	360 MAIN STREET, P.O. BOX 393, WASHINGTON VA 22747
Joseph J Meuse	director, 10 percent owner, officer: President	211 FALMOUTH STREET, WARRENTON VA 20186

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