Scorpio Tankers (Scorpio Tankers) Debt-to-Equity

: 0.62 (As of Dec. 2023)

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Scorpio Tankers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $428 Mil. Scorpio Tankers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,161 Mil. Scorpio Tankers's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,554 Mil. Scorpio Tankers's debt to equity for the quarter that ended in Dec. 2023 was 0.62.

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 Scorpio Tankers's Debt-to-Equity or its related term are showing as below:

STNG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 1.46 Max: 1.7
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of Scorpio Tankers was 1.70. The lowest was 0.62. And the median was 1.46.

STNG's Debt-to-Equity is ranked worse than
59.62% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs STNG: 0.62

Scorpio Tankers Debt-to-Equity Historical Data

The historical data trend for Scorpio Tankers'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.

Scorpio Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.58

1.48

1.70

0.77

0.62

Scorpio Tankers 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																0.77	0.80	0.75	0.72	0.62

Competitive Comparison

For the Oil & Gas Midstream subindustry, Scorpio Tankers'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.

Scorpio Tankers Debt-to-Equity Distribution

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

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

Scorpio Tankers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scorpio Tankers'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
	=	(427.722	+	1160.568)	/	2553.706
	=	0.62

Scorpio Tankers'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
	=	(427.722	+	1160.568)	/	2553.706
	=	0.62

Scorpio Tankers (NYSE:STNG) 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.

Scorpio Tankers Debt-to-Equity Related Terms

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Scorpio Tankers (Scorpio Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Scorpio Tankers Inc (NYSE:STNG) » Definitions » Debt-to-Equity

Comparable Companies

PAGP CEQP HEP GLNG INSW ETRN NS VNOM HESM KNTK TSX:ENB EPD WMB ET LNG OKE MPLX KMI TSX:TRP CQP

Traded in Other Exchanges

S0QA:Germany

Address

Le Millenium 9, Boulevard Charles III, Monaco, MCO, 98000

Website

https://www.scorpiotankers.com

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.