Ampol (ASX:ALD) Debt-to-Equity : 1.04 (As of Dec. 2023)

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What is Ampol Debt-to-Equity?

Ampol's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$296 Mil. Ampol's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3,403 Mil. Ampol's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$3,563 Mil. Ampol's debt to equity for the quarter that ended in Dec. 2023 was 1.04.

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

ASX:ALD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.42 Max: 1.04
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Ampol was 1.04. The lowest was 0.25. And the median was 0.42.

ASX:ALD's Debt-to-Equity is ranked worse than
76.02% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs ASX:ALD: 1.04

Ampol Debt-to-Equity Historical Data

The historical data trend for Ampol'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.

Ampol Debt-to-Equity Chart

Ampol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.55

0.58

0.74

1.00

1.04

Ampol Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.87	1.00	1.08	1.04

Competitive Comparison of Ampol's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Ampol'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.

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

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

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

Ampol Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ampol'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
	=	(296.113	+	3402.797)	/	3562.866
	=	1.04

Ampol'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
	=	(296.113	+	3402.797)	/	3562.866
	=	1.04

Ampol (ASX:ALD) 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.

Ampol Debt-to-Equity Related Terms

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

Ampol (ASX:ALD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ampol Ltd (ASX:ALD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CTXAY:USA CTXAF:USA ALD:New Zealand CLZ:Germany

Address

29-33 Bourke Road, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.ampol.com.au

Ampol (nee Caltex) is the largest and only Australian-listed petroleum refiner and distributor, with operations in all states and territories. It was a major international brand of Chevron's until that 50% owner sold out in 2015. Caltex transitioned to Ampol branding due to Chevron terminating its licence to use the Caltex brand in Australia. Ampol has operated for more than 100 years. It owns and operates a refinery at Lytton in Brisbane, but closed Sydney's Kurnell refinery to focus on the more profitable distribution/retail segment. It successfully completed a NZD 2.0 billion bid for New Zealand peer Z Energy in first-half 2022.

Ampol (ASX:ALD) Headlines

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