Saras SpA (LTS:0O2D) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Saras SpA Debt-to-Equity?

Saras SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil. Saras SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0 Mil. Saras SpA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,345 Mil. Saras SpA's debt to equity for the quarter that ended in Dec. 2023 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 Saras SpA's Debt-to-Equity or its related term are showing as below:

LTS:0O2D' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.44 Max: 1.37
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Saras SpA was 1.37. The lowest was 0.24. And the median was 0.44.

LTS:0O2D's Debt-to-Equity is ranked better than
58.34% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs LTS:0O2D: 0.33

Saras SpA Debt-to-Equity Historical Data

The historical data trend for Saras SpA'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.

Saras SpA Debt-to-Equity Chart

Saras SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.26

1.37

0.95

0.44

Saras SpA 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															0.44	0.37	0.41	0.34	-

Competitive Comparison of Saras SpA's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Saras SpA'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.

Saras SpA's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Saras SpA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saras SpA'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	+	0)	/	1344.549
	=	0.00

Saras SpA'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
	=	(0	+	0)	/	1344.549
	=	0.00

Saras SpA (LTS:0O2D) 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.

Saras SpA Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Saras SpA's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Saras SpA (LTS:0O2D) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saras SpA (LTS:0O2D) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SAAFY:USA SRS:Italy SRSm:UK

Address

S.S. 195 Sulcitana, Km 19, Cagliari, Sarroch, ITA, 09018

Website

https://www.saras.it

Saras SpA is a processor of crude oil and marketer and distributor of petroleum byproducts. Refining operations are conducted at facilities located near the Mediterranean Sea. Majority of the refineries production is medium and light distillates with low environmental impact (mainly diesel and gasoline). Under Saras Trading, the company purchases crude oils and other feedstock for the refinery, sells the refined oil, and participates in third party trading. Products sold and distributed by Saras and its subsidiaries include diesel, gasoline, heating oil, liquefied petroleum gas, naphtha, and aviation fuel. Products are sold primarily on Spanish and Italian markets. Additional services include wind farm operations, and engineering and scientific research services.

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