Tourmaline Oil (TSX:TOU) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is Tourmaline Oil Debt-to-Equity?

Tourmaline Oil's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$6 Mil. Tourmaline Oil's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1,341 Mil. Tourmaline Oil's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$14,017 Mil. Tourmaline Oil's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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 Tourmaline Oil's Debt-to-Equity or its related term are showing as below:

TSX:TOU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.2 Max: 0.3
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of Tourmaline Oil was 0.30. The lowest was 0.03. And the median was 0.20.

TSX:TOU's Debt-to-Equity is ranked better than
83.43% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSX:TOU: 0.10

Tourmaline Oil Debt-to-Equity Historical Data

The historical data trend for Tourmaline Oil'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.

Tourmaline Oil Debt-to-Equity Chart

Tourmaline Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.22

0.08

0.05

0.08

Tourmaline Oil Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.05	0.04	0.08	0.10

Competitive Comparison of Tourmaline Oil's Debt-to-Equity

For the Oil & Gas E&P subindustry, Tourmaline Oil'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.

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

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

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

Tourmaline Oil Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tourmaline Oil'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
	=	(5.796	+	1120.746)	/	14015.751
	=	0.08

Tourmaline Oil's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(6.048	+	1341.09)	/	14017.467
	=	0.10

Tourmaline Oil (TSX:TOU) 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.

Tourmaline Oil Debt-to-Equity Related Terms

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

Tourmaline Oil (TSX:TOU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tourmaline Oil Corp (TSX:TOU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TRMLF:USA TOU:Mexico 08T:Germany

Address

250 - 6th Avenue S.W., Suite 2900, Calgary, AB, CAN, T2P 3H7

Website

https://www.tourmalineoil.com

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.

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