Strathcona Resources (TSX:SCR) Debt-to-Equity : 0.58 (As of Dec. 2023)

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What is Strathcona Resources Debt-to-Equity?

Strathcona Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$44 Mil. Strathcona Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3,027 Mil. Strathcona Resources's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$5,327 Mil. Strathcona Resources's debt to equity for the quarter that ended in Dec. 2023 was 0.58.

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

TSX:SCR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.68 Max: 0.79
Current: 0.58

During the past 2 years, the highest Debt-to-Equity Ratio of Strathcona Resources was 0.79. The lowest was 0.58. And the median was 0.68.

TSX:SCR's Debt-to-Equity is ranked worse than
57.72% of 835 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSX:SCR: 0.58

Strathcona Resources Debt-to-Equity Historical Data

The historical data trend for Strathcona 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.

Strathcona Resources Debt-to-Equity Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.79

0.58

Strathcona Resources Quarterly Data
	Sep22	Dec22	Sep23	Dec23
Debt-to-Equity	N/A	0.79	0.39	0.58

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

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

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

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

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

Strathcona Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Strathcona 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
	=	(43.8	+	3027.4)	/	5327.1
	=	0.58

Strathcona Resources'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
	=	(43.8	+	3027.4)	/	5327.1
	=	0.58

Strathcona Resources (TSX:SCR) 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.

Strathcona Resources Debt-to-Equity Related Terms

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Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.