Ecopetrol (BOG:ECOPETROL) Debt-to-Equity

: N/A (As of Sep. 2023)

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Ecopetrol's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was COP0 Mil. Ecopetrol's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was COP0 Mil. Ecopetrol's Total Stockholders Equity for the quarter that ended in Sep. 2023 was COP0 Mil.

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

BOG:ECOPETROL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.95 Max: 1.6
Current: 1.34

During the past 13 years, the highest Debt-to-Equity Ratio of Ecopetrol was 1.60. The lowest was 0.36. And the median was 0.95.

BOG:ECOPETROL's Debt-to-Equity is ranked worse than
81.77% of 834 companies
in the Oil & Gas industry
Industry Median: 0.43 vs BOG:ECOPETROL: 1.34

Ecopetrol Debt-to-Equity Historical Data

The historical data trend for Ecopetrol'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.

Ecopetrol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.70

0.94

1.39

1.34

N/A

Ecopetrol Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity																1.40	1.34	1.60	N/A	N/A

Competitive Comparison

For the Oil & Gas Integrated subindustry, Ecopetrol'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.

Ecopetrol Debt-to-Equity Distribution

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

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

Ecopetrol Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecopetrol'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
	=	(22198583	+	92936256)	/	86154927
	=	1.34

Ecopetrol'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
	=	(0	+	0)	/	0
	=	N/A

Ecopetrol (BOG:ECOPETROL) 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.

Ecopetrol Debt-to-Equity Related Terms

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

Ecopetrol (BOG:ECOPETROL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (BOG:ECOPETROL) » Definitions » Debt-to-Equity

Traded in Other Exchanges

EC:USA ECHA:Germany ECHA:Germany E1CO34:Brazil

Address

Carrera 13 No. 36 - 24, Main Building, Bogota, COL

Website

https://www.ecopetrol.com.co

Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.

Ecopetrol (BOG:ECOPETROL) Headlines

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