Bill Barrett’s leverage
Since 3Q14, Bill Barrett’s (BBG) total debt has fallen 14%. In 3Q16, the company’s total debt was $711.9 million compared to ~$804 million in 3Q15, a decline of 11%.
However, BBG’s total-debt-to-equity ratio rose from 88% in 3Q14 to ~142% in 3Q15. Its total-debt-to-equity ratio did fall slightly to 139.8% in 3Q16, but still remains high. A debt-to-equity ratio over 100% means that a company has more debt than equity. The higher the ratio, the riskier the company.