Advantage Energy Ltd.

Toronto Stock Exchange AAV.TO

Advantage Energy Ltd. Debt to Equity Ratio for the year ending December 31, 2023: 0.23

Advantage Energy Ltd. Debt to Equity Ratio is 0.23 for the year ending December 31, 2023, a 84.33% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.
  • Advantage Energy Ltd. Debt to Equity Ratio for the year ending December 31, 2022 was 0.12, a 7.49% change year over year.
  • Advantage Energy Ltd. Debt to Equity Ratio for the year ending December 31, 2021 was 0.11, a -52.12% change year over year.
  • Advantage Energy Ltd. Debt to Equity Ratio for the year ending December 31, 2020 was 0.24.
Key data
Date Debt to Equity Ratio Debt to Income Ratio Debt to Tangible Net Worth Ratio Dividend Coverage Ratio
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Toronto Stock Exchange: AAV.TO

Advantage Energy Ltd.

CEO Mr. Michael E. Belenkie B.Sc., P. Eng.
IPO Date Oct. 29, 2009
Location Canada
Headquarters Millennium Tower
Employees 86
Sector Energy
Industries
Description

Advantage Energy Ltd., together with its subsidiaries, acquires, exploits, develops, and produces crude oil, natural gas, and natural gas liquids in the Province of Alberta, Canada. The company focuses on the development and production of oil and natural gas resource that includes 228 net sections covering an area of 145,920 net acres of Doig/Montney rights in Glacier, Valhalla, Progress, and Pipestone/Wembley. It provides natural gas, oil, and natural gas liquids primarily through marketing companies. The company was formerly known as Advantage Oil & Gas Ltd. and changed its name to Advantage Energy Ltd. in May 2021. Advantage Energy Ltd. was founded in 2001 and is headquartered in Calgary, Canada.

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StockViz Staff

January 16, 2025

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