Cardinal Energy Debt to Equity Ratio Analysis

Cardinal Energy Ltd (CJ.TO)

7.07 +0.21 (+3.06%) CAD | TSX | May 28, 16:00

Debt to Equity Ratio Chart

Historical Debt to Equity Ratio Data

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Date	Value
March 31, 2024	0.0959
December 31, 2023	0.0488
September 30, 2023	0.0475
June 30, 2023	0.0579
March 31, 2023	0.0499
December 31, 2022	0.0338
September 30, 2022	0.0503
June 30, 2022	0.0787
March 31, 2022	0.192
December 31, 2021	0.2154
September 30, 2021	0.295
June 30, 2021	0.4914
March 31, 2021	0.5294
December 31, 2020	0.6309
September 30, 2020	0.9804
June 30, 2020	1.029
March 31, 2020	0.8455
December 31, 2019	0.2947
September 30, 2019	0.3117
June 30, 2019	0.3132
March 31, 2019	0.3236

Date	Value
December 31, 2018	0.3275
September 30, 2018	0.325
June 30, 2018	0.3512
March 31, 2018	0.3368
December 31, 2017	0.3549
September 30, 2017	0.3521
June 30, 2017	0.3355
March 31, 2017	0.1918
December 31, 2016	0.1653
September 30, 2016	0.1016
June 30, 2016	0.1028
March 31, 2016	0.2003
December 31, 2015	0.2018
September 30, 2015	0.0894
June 30, 2015	0.0716
March 31, 2015	0.0551
December 31, 2014	0.0638
September 30, 2014	0.0854
June 30, 2014	0.00
March 31, 2014	0.011
December 31, 2013	0.0277

Debt to Equity Ratio Definition

The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.

Read full definition.

Debt to Equity Ratio Range, Past 5 Years

0.0338

Minimum

Dec 2022

1.029

Maximum

Jun 2020

0.3296

Average

0.255

Median

Debt to Equity Ratio Benchmarks

Shoal Point Energy Ltd	-0.186
Bird River Resources Inc	--
James Bay Resources Ltd	--
Squatex Energy and Resources Inc	--

Debt to Equity Ratio Related Metrics

Total Assets (Quarterly)	1.228B
Total Liabilities (Quarterly)	322.40M
Shareholders Equity (Quarterly)	905.32M
Current Ratio	0.6212
Net Debt Paydown Yield	-0.99%