TotalEnergies Marketing Ghana (XGHA:TOTAL) Debt-to-Equity : 0.92 (As of Sep. 2023)

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What is TotalEnergies Marketing Ghana Debt-to-Equity?

TotalEnergies Marketing Ghana's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was GHS350 Mil. TotalEnergies Marketing Ghana's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was GHS115 Mil. TotalEnergies Marketing Ghana's Total Stockholders Equity for the quarter that ended in Sep. 2023 was GHS507 Mil. TotalEnergies Marketing Ghana's debt to equity for the quarter that ended in Sep. 2023 was 0.92.

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 TotalEnergies Marketing Ghana's Debt-to-Equity or its related term are showing as below:

XGHA:TOTAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.59 Max: 0.92
Current: 0.92

During the past 8 years, the highest Debt-to-Equity Ratio of TotalEnergies Marketing Ghana was 0.92. The lowest was 0.21. And the median was 0.59.

XGHA:TOTAL's Debt-to-Equity is ranked worse than
72.98% of 829 companies
in the Oil & Gas industry
Industry Median: 0.45 vs XGHA:TOTAL: 0.92

TotalEnergies Marketing Ghana Debt-to-Equity Historical Data

The historical data trend for TotalEnergies Marketing Ghana'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.

TotalEnergies Marketing Ghana Debt-to-Equity Chart

TotalEnergies Marketing Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.76

0.60

0.25

0.23

0.59

TotalEnergies Marketing Ghana Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.45	0.59	0.53	0.83	0.92

Competitive Comparison of TotalEnergies Marketing Ghana's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, TotalEnergies Marketing Ghana'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.

TotalEnergies Marketing Ghana's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where TotalEnergies Marketing Ghana's Debt-to-Equity falls into.

TotalEnergies Marketing Ghana Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TotalEnergies Marketing Ghana's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(156.148	+	113.852)	/	460.044
	=	0.59

TotalEnergies Marketing Ghana's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(349.86	+	115.131)	/	506.802
	=	0.92

TotalEnergies Marketing Ghana (XGHA:TOTAL) 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.

TotalEnergies Marketing Ghana Debt-to-Equity Related Terms

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TotalEnergies Marketing Ghana (XGHA:TOTAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TotalEnergies Marketing Ghana Plc (XGHA:TOTAL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Liberia Road, P.O. Box 553, Total House, Accra, GHA

Website

https://www.totalenergies.com.gh

TotalEnergies Marketing Ghana Plc is engaged in the business of marketing petroleum and allied products. The reportable operating segments derive their revenue mainly from the sales of petroleum and allied products. Revenue from sales to service stations Network and sales to consumer customers Commercial accounts for Ninety percent of the Company and Group's revenue. It offers services across the Aviation, Bitumen and Mining industries, besides the Manufacturing and Roads Sectors.

TotalEnergies Marketing Ghana (XGHA:TOTAL) Headlines

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