PAO Sovcomflot (MIC:FLOT) Debt-to-Equity : 0.36 (As of Jun. 2023)

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What is PAO Sovcomflot Debt-to-Equity?

PAO Sovcomflot's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽41,127 Mil. PAO Sovcomflot's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽91,260 Mil. PAO Sovcomflot's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₽373,236 Mil. PAO Sovcomflot's debt to equity for the quarter that ended in Jun. 2023 was 0.35.

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

MIC:FLOT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 1.01 Max: 1.1
Current: 0.36

During the past 9 years, the highest Debt-to-Equity Ratio of PAO Sovcomflot was 1.10. The lowest was 0.36. And the median was 1.01.

MIC:FLOT's Debt-to-Equity is ranked better than
56.22% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs MIC:FLOT: 0.36

PAO Sovcomflot Debt-to-Equity Historical Data

The historical data trend for PAO Sovcomflot'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.

PAO Sovcomflot Debt-to-Equity Chart

PAO Sovcomflot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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1.07

1.08

1.04

0.82

0.79

PAO Sovcomflot Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.82	0.85	0.82	0.79	0.36

Competitive Comparison of PAO Sovcomflot's Debt-to-Equity

For the Oil & Gas Midstream subindustry, PAO Sovcomflot'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.

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

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

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

PAO Sovcomflot Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PAO Sovcomflot's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(22377.684	+	201450.171)	/	285260.519
	=	0.78

PAO Sovcomflot's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(41126.51	+	91260.371)	/	373236.188
	=	0.35

PAO Sovcomflot (MIC:FLOT) 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.

PAO Sovcomflot Debt-to-Equity Related Terms

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

PAO Sovcomflot (MIC:FLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Gasheka Street, Moscow, RUS, 125047

Website

https://www.scf-group.ru

PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.