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APA (APA) Debt-to-Equity : 1.26 (As of Jun. 2024)


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What is APA Debt-to-Equity?

APA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $105 Mil. APA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $6,741 Mil. APA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $5,423 Mil. APA's debt to equity for the quarter that ended in Jun. 2024 was 1.26.

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 APA's Debt-to-Equity or its related term are showing as below:

APA' s Debt-to-Equity Range Over the Past 10 Years
Min: -333.28   Med: 1.18   Max: 13.38
Current: 1.26

During the past 13 years, the highest Debt-to-Equity Ratio of APA was 13.38. The lowest was -333.28. And the median was 1.18.

APA's Debt-to-Equity is ranked worse than
81.45% of 814 companies
in the Oil & Gas industry
Industry Median: 0.46 vs APA: 1.26

APA Debt-to-Equity Historical Data

The historical data trend for APA'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.

APA Debt-to-Equity Chart

APA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.68 -5.42 -4.77 13.29 2.00

APA Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.01 5.28 2.00 2.03 1.26

Competitive Comparison of APA's Debt-to-Equity

For the Oil & Gas E&P subindustry, APA'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.


APA's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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



APA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

APA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

APA's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


APA  (NAS:APA) 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.


APA Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of APA's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


APA Business Description

Address
2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400
Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Executives
Tracey K Henderson officer: Executive VP Exploration C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
Mark D Maddox officer: Executive VP - Administration C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
P Anthony Lannie officer: Exec. Vice Pres & Gen Counsel C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Chansoo Joung director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
David L Stover director NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Charles W Hooper director C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
D. Clay Bretches officer: Exec. VP, Operations C/O APACHE CORPORATION, 2000 POST OAK BLVD, STE 100, HOUSTON TX 77056
Rebecca A Hoyt officer: Sr. VP, Chief Acct Officer C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056-4400
Annell R Bay director C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Lamar Mckay director 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
John E Lowe director 600 N DAIRY ASHFORD, HOUSTON TX 77079
Amy H Nelson director 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Rene R Joyce director P.O. BOX 130430, HOUSTON TX 77219-0430
Daniel Wayne Rabun director 6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Peter A Ragauss director 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019