New Concept Energy Debt-to-Equity Ratio Growth & History (GBR)

New Concept Energy's debt-to-equity ratio was 0.04 for fiscal 2020.

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New Concept Energy annual debt-to-equity ratio history

New Concept Energy annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20202020-12-310.04−0.05−51.61%
20192019-12-310.090.04+67.99%
20182018-12-310.05−0.51−90.33%
20172017-12-310.560.45+385.94%
20162016-12-310.12−0.11−48.69%
20152015-12-310.23−0.01−5.68%
20142014-12-310.240.21+817.41%
20132013-12-310.030.01+86.94%
20122012-12-310.01

New Concept Energy debt-to-equity ratio trends

Over the last five fiscal years, New Concept Energy's debt-to-equity ratio decreased from 0.23 to 0.04, a change of −0.18. The latest reported quarter, Q2 2021, shows 0.01.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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