Armour Energy (ASX:AJQ) Debt-to-Equity : 0.85 (As of Jun. 2023)

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What is Armour Energy Debt-to-Equity?

Armour Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$32.73 Mil. Armour Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$2.77 Mil. Armour Energy's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$41.91 Mil. Armour Energy's debt to equity for the quarter that ended in Jun. 2023 was 0.85.

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

ASX:AJQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.82 Max: 1.31
Current: 0.85

During the past 12 years, the highest Debt-to-Equity Ratio of Armour Energy was 1.31. The lowest was 0.25. And the median was 0.82.

ASX:AJQ's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs ASX:AJQ: 0.85

Armour Energy Debt-to-Equity Historical Data

The historical data trend for Armour 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.

Armour Energy Debt-to-Equity Chart

Armour Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

1.31

0.78

0.71

0.85

Armour Energy Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.78	0.67	0.71	0.85	0.85

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

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

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

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

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

Armour Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Armour Energy'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
	=	(32.726	+	2.768)	/	41.913
	=	0.85

Armour Energy's Debt to Equity Ratio for the quarter 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
	=	(32.726	+	2.768)	/	41.913
	=	0.85

Armour Energy (ASX:AJQ) 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.

Armour Energy Debt-to-Equity Related Terms

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Armour Energy (ASX:AJQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Armour Energy Ltd (ASX:AJQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

111 Eagle Street, Level 27, Brisbane, QLD, AUS, 4000

Website

https://www.armourenergy.com.au

Armour Energy Ltd is an oil and gas exploration and production company. Its principal business is the discovery, development, and production of world-class gas and associated liquids resources. Its operating segments include Surat, which derives the majority of the company's revenue; and EEA(Exploration, Evaluation & Appraisal activities). Its project profile is divided into four basins: Surat Basin, Northern Basins, Cooper Basin, and Southern basin. Some of its projects include Kincora Gas Project, Murrungama Gas Project, Northern Territory, and Uganda Oil Project.

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