National Company KazMunayGaz JSC (XKAZ:KMGZ) Debt-to-Equity : 0.37 (As of Dec. 2023)

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What is National Company KazMunayGaz JSC Debt-to-Equity?

National Company KazMunayGaz JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₸408,758 Mil. National Company KazMunayGaz JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₸3,453,616 Mil. National Company KazMunayGaz JSC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₸10,493,801 Mil. National Company KazMunayGaz JSC's debt to equity for the quarter that ended in Dec. 2023 was 0.37.

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 National Company KazMunayGaz JSC's Debt-to-Equity or its related term are showing as below:

XKAZ:KMGZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.52 Max: 0.8
Current: 0.37

During the past 10 years, the highest Debt-to-Equity Ratio of National Company KazMunayGaz JSC was 0.80. The lowest was 0.37. And the median was 0.52.

XKAZ:KMGZ's Debt-to-Equity is ranked better than
55.42% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs XKAZ:KMGZ: 0.37

National Company KazMunayGaz JSC Debt-to-Equity Historical Data

The historical data trend for National Company KazMunayGaz JSC'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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National Company KazMunayGaz JSC Debt-to-Equity Chart

National Company KazMunayGaz JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.48

0.38

0.43

0.37

National Company KazMunayGaz JSC 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															0.43	0.43	0.41	0.39	0.37

Competitive Comparison of National Company KazMunayGaz JSC's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, National Company KazMunayGaz JSC'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.

National Company KazMunayGaz JSC's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where National Company KazMunayGaz JSC's Debt-to-Equity falls into.

National Company KazMunayGaz JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Company KazMunayGaz JSC'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
	=	(408758	+	3453616)	/	10493801
	=	0.37

National Company KazMunayGaz JSC'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
	=	(408758	+	3453616)	/	10493801
	=	0.37

National Company KazMunayGaz JSC (XKAZ:KMGZ) 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.

National Company KazMunayGaz JSC Debt-to-Equity Related Terms

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National Company KazMunayGaz JSC (XKAZ:KMGZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » National Company KazMunayGaz JSC (XKAZ:KMGZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

19, Kabanbay-batyr avenue, Astana, KAZ, 10000

Website

http://www.kmg.kz

National Company KazMunayGaz JSC is an energy company. It is engaged in the exploration, production, refining, and transportation of hydrocarbons in Kazakhstan's oil and gas sector. The company is geographically focused in the regions of the Black Sea and the Mediterranean Sea. Its projects include Upstream projects; Oil transportation projects; Gas transportation projects and Service projects.

National Company KazMunayGaz JSC (XKAZ:KMGZ) Headlines

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