Spruce Ridge Resources

Spruce Ridge Resources Net Debt/Equity

The Net Debt to Equity Ratio of Spruce Ridge Resources (SHL.V) as of Oct 10, 2026 is -0.89. In the previous year, Net Debt to Equity Ratio was -0.46 — a change of 94.96% (lower).

Net Debt/Equity

-0.89

YoY

94.96%

Last updated:

Net Debt to Equity Ratio of Spruce Ridge Resources is 2023 -0.89 . Net Debt to Equity Ratio of Spruce Ridge Resources was 2022 -0.46 . It decreases by 94.96% lower compared to the previous year.

The Spruce Ridge Resources Net Debt/Equity history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Net Debt/Equity
Date
Net Debt/Equity
Jan 1, 2016
0.34 CAD
Jan 1, 2017
0.16 CAD
Jan 1, 2018
0.34 CAD
Jan 1, 2019
0.04 CAD
Jan 1, 2020
-0.41 CAD
Jan 1, 2021
-0.34 CAD
Jan 1, 2022
-0.46 CAD
Jan 1, 2023
-0.89 CAD
The Spruce Ridge Resources Net Debt/Equity history
YEARNet Debt/EquityYoY
-0.89+94.96%
-0.46+35.02%
-0.34-17.29%
-0.41-1,209.16%
0.04-89.23%
0.34+115.64%
0.16-53.26%
0.34-26.76%
0.46+7.50%
0.43—
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Spruce Ridge Resources Stock analysis

What does Spruce Ridge Resources do? Spruce Ridge Resources is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Spruce Ridge Resources stock

Net Debt to Equity Ratio of Spruce Ridge Resources is -0.89 in 2023.

Net Debt to Equity Ratio of Spruce Ridge Resources changed from -0.46 to -0.89, representing a 94.96% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Net Debt to Equity Ratio Spruce Ridge Resources since 2006 – with annual values, charts, and detailed analysis.

Net Debt/Equity adjusts the debt-to-equity ratio by subtracting cash from total debt. It provides a more accurate picture of actual leverage.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Net Debt to Equity Ratio's Spruce Ridge Resources with sector peers and the industry average to assess whether it is attractive.

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Leverage — Spruce Ridge Resources

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