Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Societe Nationale d'Electrolyse et de Petrochimie Debt-to-Equity?

Societe Nationale d'Electrolyse et de Petrochimie's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD0.0 Mil. Societe Nationale d'Electrolyse et de Petrochimie's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was MAD260.3 Mil. Societe Nationale d'Electrolyse et de Petrochimie's Total Stockholders Equity for the quarter that ended in Dec. 2023 was MAD716.0 Mil. Societe Nationale d'Electrolyse et de Petrochimie's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 Societe Nationale d'Electrolyse et de Petrochimie's Debt-to-Equity or its related term are showing as below:

CAS:SNP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.25 Max: 0.47
Current: 0.36

During the past 11 years, the highest Debt-to-Equity Ratio of Societe Nationale d'Electrolyse et de Petrochimie was 0.47. The lowest was 0.05. And the median was 0.25.

CAS:SNP's Debt-to-Equity is ranked worse than
50.89% of 1399 companies
in the Chemicals industry
Industry Median: 0.35 vs CAS:SNP: 0.36

Societe Nationale d'Electrolyse et de Petrochimie Debt-to-Equity Historical Data

The historical data trend for Societe Nationale d'Electrolyse et de Petrochimie'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.

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Societe Nationale d'Electrolyse et de Petrochimie Debt-to-Equity Chart

Societe Nationale d'Electrolyse et de Petrochimie Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.47

0.40

0.36

Societe Nationale d'Electrolyse et de Petrochimie Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.40	N/A	0.36	0.34	0.36

Competitive Comparison of Societe Nationale d'Electrolyse et de Petrochimie's Debt-to-Equity

For the Specialty Chemicals subindustry, Societe Nationale d'Electrolyse et de Petrochimie'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.

Societe Nationale d'Electrolyse et de Petrochimie's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Societe Nationale d'Electrolyse et de Petrochimie's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Societe Nationale d'Electrolyse et de Petrochimie's Debt-to-Equity falls into.

Societe Nationale d'Electrolyse et de Petrochimie Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Societe Nationale d'Electrolyse et de Petrochimie'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
	=	(0	+	260.262)	/	716.048
	=	0.36

Societe Nationale d'Electrolyse et de Petrochimie'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
	=	(0	+	260.262)	/	716.048
	=	0.36

Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) 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.

Societe Nationale d'Electrolyse et de Petrochimie Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Societe Nationale d'Electrolyse et de Petrochimie's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Societe Nationale d'Electrolyse et de Petrochimie (CAS:SNP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Route Cotiere N 111 - Mohammadia, Casablanca, MAR

Website

http://www.snep.ma

Societe Nationale d'Electrolyse et de Petrochimie manufactures vinyl products (PVC and Compound PVC) and products resulting from electrolysis (Soda, Chlorine, Bleach) and Hydrochloric Acid. The company ioffers its products to BTP, Irrigation, Drinking water supply and sanitation, Detergency and domestic and industrial hygiene, Water treatment, and Food industry.

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