Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Petron Malaysia Refining & Marketing Bhd Debt-to-Equity?

Petron Malaysia Refining & Marketing Bhd's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM967 Mil. Petron Malaysia Refining & Marketing Bhd's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was RM53 Mil. Petron Malaysia Refining & Marketing Bhd's Total Stockholders Equity for the quarter that ended in Dec. 2023 was RM2,421 Mil. Petron Malaysia Refining & Marketing Bhd's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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 Petron Malaysia Refining & Marketing Bhd's Debt-to-Equity or its related term are showing as below:

XKLS:3042' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.42 Max: 1.3
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Petron Malaysia Refining & Marketing Bhd was 1.30. The lowest was 0.09. And the median was 0.42.

XKLS:3042's Debt-to-Equity is ranked better than
51.93% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs XKLS:3042: 0.42

Petron Malaysia Refining & Marketing Bhd Debt-to-Equity Historical Data

The historical data trend for Petron Malaysia Refining & Marketing Bhd'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.

Petron Malaysia Refining & Marketing Bhd Debt-to-Equity Chart

Petron Malaysia Refining & Marketing Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.27

0.55

0.52

0.42

Petron Malaysia Refining & Marketing Bhd 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	Get a 7-Day Free Trial															0.52	0.37	0.30	0.29	0.42

Competitive Comparison of Petron Malaysia Refining & Marketing Bhd's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Petron Malaysia Refining & Marketing Bhd'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.

Petron Malaysia Refining & Marketing Bhd's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petron Malaysia Refining & Marketing Bhd's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Petron Malaysia Refining & Marketing Bhd's Debt-to-Equity falls into.

Petron Malaysia Refining & Marketing Bhd Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petron Malaysia Refining & Marketing Bhd'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
	=	(967.167	+	53.01)	/	2421.25
	=	0.42

Petron Malaysia Refining & Marketing Bhd'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
	=	(967.167	+	53.01)	/	2421.25
	=	0.42

Petron Malaysia Refining & Marketing Bhd (XKLS:3042) 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.

Petron Malaysia Refining & Marketing Bhd Debt-to-Equity Related Terms

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Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petron Malaysia Refining & Marketing Bhd (XKLS:3042) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 46, Jalan Dungun, Level 12A, Menara I & P, Tower 1, Damansara Heights, Kuala Lumpur, SGR, MYS, 50490

Website

https://www.petron.com.my

Petron Malaysia Refining & Marketing Bhd is an oil company engaged in producing a wide range of petroleum products which include Gasoline, Automotive Diesel Oil (ADO), Liquefied Petroleum Gas (LPG), Jet Fuel, Naphtha, and Low Sulphur Waxy Residue (LSWR). The company is organized as one integrated business segment which operates to manufacture and sell petroleum products. Geographically majority of its revenue gets derived from the domestic market.

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