China Petroleum & Chemical (FRA:CHU) Debt-to-Equity : 0.60 (As of Sep. 2023)

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What is China Petroleum & Chemical Debt-to-Equity?

China Petroleum & Chemical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €14,419 Mil. China Petroleum & Chemical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €46,767 Mil. China Petroleum & Chemical's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €102,477 Mil. China Petroleum & Chemical's debt to equity for the quarter that ended in Sep. 2023 was 0.60.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for China Petroleum & Chemical's Debt-to-Equity or its related term are showing as below:

FRA:CHU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.45 Max: 0.62
Current: 0.6

During the past 13 years, the highest Debt-to-Equity Ratio of China Petroleum & Chemical was 0.62. The lowest was 0.22. And the median was 0.45.

FRA:CHU's Debt-to-Equity is ranked worse than
59.4% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs FRA:CHU: 0.60

China Petroleum & Chemical Debt-to-Equity Historical Data

The historical data trend for China Petroleum & Chemical's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

China Petroleum & Chemical Debt-to-Equity Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.22

0.45

0.40

0.41

0.46

China Petroleum & Chemical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.53	0.46	0.56	0.58	0.60

Competitive Comparison of China Petroleum & Chemical's Debt-to-Equity

For the Oil & Gas Integrated subindustry, China Petroleum & Chemical's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Petroleum & Chemical's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Petroleum & Chemical's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Petroleum & Chemical's Debt-to-Equity falls into.

China Petroleum & Chemical Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Petroleum & Chemical's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(11148.264	+	37150.679)	/	106252.774
	=	0.45

China Petroleum & Chemical's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(14418.93	+	46766.93)	/	102477.209
	=	0.60

China Petroleum & Chemical (FRA:CHU) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

China Petroleum & Chemical Debt-to-Equity Related Terms

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China Petroleum & Chemical (FRA:CHU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (FRA:CHU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SNPMF:USA 00386:Hong Kong CHU:Germany CHU:Germany 600028:China

Address

No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728

Website

http://www.sinopec.com

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2022, Sinopec's production of oil and gas equivalent was 488.99 million barrels. The firm also processed 242 million metric tons of crude oil.