Gulf Petroleum Investment Co KSCC (KUW:GPI) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Gulf Petroleum Investment Co KSCC Debt-to-Equity?

Gulf Petroleum Investment Co KSCC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0.00 Mil. Gulf Petroleum Investment Co KSCC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0.00 Mil. Gulf Petroleum Investment Co KSCC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was KWD27.49 Mil. Gulf Petroleum Investment Co KSCC's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Gulf Petroleum Investment Co KSCC's Debt-to-Equity or its related term are showing as below:

KUW:GPI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.21 Max: 0.61
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Gulf Petroleum Investment Co KSCC was 0.61. The lowest was 0.18. And the median was 0.21.

KUW:GPI's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs KUW:GPI: 0.42

Gulf Petroleum Investment Co KSCC Debt-to-Equity Historical Data

The historical data trend for Gulf Petroleum Investment Co KSCC'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.

Gulf Petroleum Investment Co KSCC Debt-to-Equity Chart

Gulf Petroleum Investment Co KSCC Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.26

0.39

0.61

Gulf Petroleum Investment Co KSCC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.26	0.28	0.28	0.61	-

Competitive Comparison of Gulf Petroleum Investment Co KSCC's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Gulf Petroleum Investment Co KSCC'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.

Gulf Petroleum Investment Co KSCC's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gulf Petroleum Investment Co KSCC's Debt-to-Equity falls into.

Gulf Petroleum Investment Co KSCC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gulf Petroleum Investment Co KSCC'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
	=	(0	+	11.461)	/	18.773
	=	0.61

Gulf Petroleum Investment Co KSCC's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0	+	0)	/	27.486
	=	0.00

Gulf Petroleum Investment Co KSCC (KUW:GPI) 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.

Gulf Petroleum Investment Co KSCC Debt-to-Equity Related Terms

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Gulf Petroleum Investment Co KSCC (KUW:GPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Petroleum Investment Co KSCC (KUW:GPI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Qibla, Block 5, Building 4, Floor 16, Office 10, Behbehani Real Estate Company, Kuwait City, KWT, 13086

Website

http://www.petrogulf.com.kw

Gulf Petroleum Investment Co KSCC is a company operating in the oil industry. It mainly focuses on services in the Oil, Gas and Petrochemical sectors with activities including Engineering and consulting for upstream and downstream related projects, Oilfield services drilling and Supply of all equipment.