ShaMaran Petroleum (FRA:3B8) Debt-to-Equity : 1.97 (As of Dec. 2023)

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What is ShaMaran Petroleum Debt-to-Equity?

ShaMaran Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €58.24 Mil. ShaMaran Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €193.00 Mil. ShaMaran Petroleum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €127.86 Mil. ShaMaran Petroleum's debt to equity for the quarter that ended in Dec. 2023 was 1.96.

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 ShaMaran Petroleum's Debt-to-Equity or its related term are showing as below:

FRA:3B8' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 1.52 Max: 59.71
Current: 1.97

During the past 13 years, the highest Debt-to-Equity Ratio of ShaMaran Petroleum was 59.71. The lowest was 0.47. And the median was 1.52.

FRA:3B8's Debt-to-Equity is ranked worse than
89.33% of 834 companies
in the Oil & Gas industry
Industry Median: 0.44 vs FRA:3B8: 1.97

ShaMaran Petroleum Debt-to-Equity Historical Data

The historical data trend for ShaMaran Petroleum'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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ShaMaran Petroleum Debt-to-Equity Chart

ShaMaran Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.41

59.72

17.19

1.74

1.97

ShaMaran Petroleum 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															1.74	1.63	1.99	1.89	1.97

Competitive Comparison of ShaMaran Petroleum's Debt-to-Equity

For the Oil & Gas E&P subindustry, ShaMaran Petroleum'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.

ShaMaran Petroleum's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

ShaMaran Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ShaMaran Petroleum'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
	=	(58.238	+	193)	/	127.858
	=	1.96

ShaMaran Petroleum'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
	=	(58.238	+	193)	/	127.858
	=	1.96

ShaMaran Petroleum (FRA:3B8) 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.

ShaMaran Petroleum Debt-to-Equity Related Terms

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ShaMaran Petroleum (FRA:3B8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ShaMaran Petroleum Corp (FRA:3B8) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SHASF:USA SNM:Sweden SNM:Canada

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.shamaranpetroleum.com

ShaMaran Petroleum Corp is an oil development and exploration company. It is engaged in the business of developing and producing oil and gas. Along with its subsidiary, the company has an interest in the Atrush block, Kurdistan Region of Iraq. In addition, the group holds a participating interest in the Sarsang block of the Kurdistan region.

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