Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Debt-to-Equity

: 0.80 (As of Dec. 2023)

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Petroleo Brasileiro Petrobras's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11,412 Mil. Petroleo Brasileiro Petrobras's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $50,592 Mil. Petroleo Brasileiro Petrobras's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $77,836 Mil. Petroleo Brasileiro Petrobras's debt to equity for the quarter that ended in Dec. 2023 was 0.80.

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 Petroleo Brasileiro Petrobras's Debt-to-Equity or its related term are showing as below:

PBR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 1.18 Max: 1.94
Current: 0.8

During the past 13 years, the highest Debt-to-Equity Ratio of Petroleo Brasileiro Petrobras was 1.94. The lowest was 0.77. And the median was 1.18.

PBR's Debt-to-Equity is ranked worse than
69.35% of 832 companies
in the Oil & Gas industry
Industry Median: 0.435 vs PBR: 0.80

Petroleo Brasileiro Petrobras Debt-to-Equity Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.19

1.27

0.85

0.77

0.80

Petroleo Brasileiro Petrobras Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.77	0.67	0.75	0.79	0.80

Competitive Comparison

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Petroleo Brasileiro Petrobras's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Petroleo Brasileiro Petrobras's Debt-to-Equity falls into.

Petroleo Brasileiro Petrobras Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petroleo Brasileiro Petrobras's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(11412.419	+	50592.218)	/	77835.629
	=	0.80

Petroleo Brasileiro Petrobras's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(11412.419	+	50592.218)	/	77835.629
	=	0.80

Petroleo Brasileiro Petrobras (NYSE:PBR) 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.

Petroleo Brasileiro Petrobras Debt-to-Equity Related Terms

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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (NYSE:PBR) » Definitions » Debt-to-Equity

Traded in Other Exchanges

PBR.A:USA PBRN:Mexico PBRA:Mexico XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.