Royal Helium (TSXV:RHC) Debt-to-Equity : 0.80 (As of Mar. 2024)

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What is Royal Helium Debt-to-Equity?

Royal Helium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$4.93 Mil. Royal Helium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$32.22 Mil. Royal Helium's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$46.21 Mil. Royal Helium's debt to equity for the quarter that ended in Mar. 2024 was 0.80.

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 Royal Helium's Debt-to-Equity or its related term are showing as below:

TSXV:RHC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.67 Max: 0.8
Current: 0.8

During the past 11 years, the highest Debt-to-Equity Ratio of Royal Helium was 0.80. The lowest was 0.08. And the median was 0.67.

TSXV:RHC's Debt-to-Equity is ranked worse than
69.81% of 828 companies
in the Oil & Gas industry
Industry Median: 0.45 vs TSXV:RHC: 0.80

Royal Helium Debt-to-Equity Historical Data

The historical data trend for Royal Helium'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.

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Royal Helium Debt-to-Equity Chart

Royal Helium Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.72

Royal Helium Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	0.08	0.62	0.72	0.80

Competitive Comparison of Royal Helium's Debt-to-Equity

For the Oil & Gas E&P subindustry, Royal Helium'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.

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

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

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

Royal Helium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Royal Helium'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
	=	(4.881	+	30.632)	/	49.61
	=	0.72

Royal Helium'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
	=	(4.932	+	32.215)	/	46.206
	=	0.80

Royal Helium (TSXV:RHC) 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.

Royal Helium Debt-to-Equity Related Terms

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

Royal Helium (TSXV:RHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Royal Helium Ltd (TSXV:RHC) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

RHCCF:USA RD31:Germany

Address

224, 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5

Website

https://www.royalheliumltd.com

Royal Helium Ltd is focused on the exploration and development of primary helium production in southern Saskatchewan. Royal is the helium leaseholder in North America. Located next to highways, roads, and cities, and importantly close to existing oil and gas infrastructure, the company's projects were methodically evaluated for helium potential for over two years, and have been vetted by helium experts, professional geologists, and engineers. Its project includes Saskatchewan Helium Play Elements for Success.

Executives

John Styles

Deemed Insider - 6 Months before becoming Insider

Royal Helium (TSXV:RHC) Headlines

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