West Texas Resources (West Texas Resources) Debt-to-Equity : 0.00 (As of Sep. 2023)

West Texas Resources Debt-to-Equity Chart

West Texas Resources Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Sep22	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	-	N/A	-

Competitive Comparison of West Texas Resources's Debt-to-Equity

For the Oil & Gas E&P subindustry, West Texas 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.

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

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

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

West Texas Resources Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

West Texas Resources's Debt to Equity Ratio for the fiscal year that ended in Sep. 2016 is calculated as

West Texas Resources's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

* 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.

West Texas Resources  (OTCPK:WTXR) 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.

West Texas Resources Debt-to-Equity Related Terms

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West Texas Resources (West Texas Resources) Business Description