Mechel PAO (Mechel PAO) Debt-to-Equity : -2.76 (As of Jun. 2023)

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What is Mechel PAO Debt-to-Equity?

Mechel PAO's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $3,322 Mil. Mechel PAO's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $157 Mil. Mechel PAO's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-1,261 Mil. Mechel PAO's debt to equity for the quarter that ended in Jun. 2023 was -2.76.

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

MTL' s Debt-to-Equity Range Over the Past 10 Years
Min: -59.02 Med: -1.78 Max: 10.29
Current: -2.76

During the past 13 years, the highest Debt-to-Equity Ratio of Mechel PAO was 10.29. The lowest was -59.02. And the median was -1.78.

MTL's Debt-to-Equity is not ranked
in the Steel industry.
Industry Median: 0.41 vs MTL: -2.76

Mechel PAO Debt-to-Equity Historical Data

The historical data trend for Mechel PAO'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.

Mechel PAO Debt-to-Equity Chart

Mechel PAO Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

Get a 7-Day Free Trial

-1.78

-1.76

-1.66

-1.35

-1.81

Mechel PAO Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-1.46	-1.59	-1.81	N/A	-2.76

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

For the Steel subindustry, Mechel PAO'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.

Mechel PAO's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mechel PAO's Debt-to-Equity distribution charts can be found below:

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

Mechel PAO Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mechel PAO'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
	=	(3934.645	+	53.912)	/	-2203.868
	=	-1.81

Mechel PAO'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
	=	(3321.64	+	157.432)	/	-1260.513
	=	-2.76

Mechel PAO (NYSE:MTL) 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.

Mechel PAO Debt-to-Equity Related Terms

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Mechel PAO (Mechel PAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mechel PAO (NYSE:MTL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MTLRP:Russia MTLR:Russia

Address

Krasnoarmeyskaya Street 1, Moscow, RUS, 125167

Website

http://www.mechel.ru

Mechel PAO is a vertically integrated group operating into three industrial segments Mining, Steel and Power. The mining segment produces metallurgical coal (coking coal, PCI and anthracite), steam coal, iron ore and iron ore concentrate, coke and chemical products. The segment consists of its coal, iron ore and coke production facilities in Russia. The steel segment produces and sells semi-finished steel products, long products of a wide range of steel grades, carbon and stainless flat steel products and high value-added metal products, including wire products, stampings and forgings, structural shapes, beams and rails. The power segment sells electricity and capacity to the wholesale market. The majority of the revenue is derived from the Steel segment.