Greenfire Resources (Greenfire Resources) Debt-to-Revenue : 0.50 (As of Mar. 2024)

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What is Greenfire Resources Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Greenfire Resources's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $60.6 Mil. Greenfire Resources's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $235.5 Mil. Greenfire Resources's annualized Revenue for the quarter that ended in Mar. 2024 was $593.9 Mil. Greenfire Resources's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Greenfire Resources Debt-to-Revenue Historical Data

The historical data trend for Greenfire Resources's Debt-to-Revenue 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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Greenfire Resources Debt-to-Revenue Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

N/A

1.20

0.26

0.58

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial			0.35	-	0.62	0.60	0.50

Competitive Comparison of Greenfire Resources's Debt-to-Revenue

For the Oil & Gas E&P subindustry, Greenfire Resources's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

Greenfire Resources's Debt-to-Revenue Distribution in the Oil & Gas Industry

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

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

Greenfire Resources Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

Greenfire Resources's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(37.51	+	253.243)	/	503.854
	=	0.58

Greenfire Resources's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(60.568	+	235.519)	/	593.944
	=	0.50

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

Greenfire Resources Debt-to-Revenue Related Terms

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Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

Greenfire Resources (Greenfire Resources) Headlines

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