Neste OYJ (Neste OYJ) Debt-to-Equity : 0.57 (As of Mar. 2024)

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What is Neste OYJ Debt-to-Equity?

Neste OYJ's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $885 Mil. Neste OYJ's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $3,835 Mil. Neste OYJ's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $8,334 Mil. Neste OYJ's debt to equity for the quarter that ended in Mar. 2024 was 0.57.

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

NTOIF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.31 Max: 0.83
Current: 0.57

During the past 13 years, the highest Debt-to-Equity Ratio of Neste OYJ was 0.83. The lowest was 0.20. And the median was 0.31.

NTOIF's Debt-to-Equity is ranked worse than
57.64% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs NTOIF: 0.57

Neste OYJ Debt-to-Equity Historical Data

The historical data trend for Neste OYJ'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.

Neste OYJ Debt-to-Equity Chart

Neste OYJ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.25

0.31

0.48

Neste OYJ 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															0.46	0.46	0.45	0.48	0.57

Competitive Comparison of Neste OYJ's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Neste OYJ'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.

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

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

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

Neste OYJ Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Neste OYJ'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
	=	(633.588	+	3802.617)	/	9229.008
	=	0.48

Neste OYJ'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
	=	(884.783	+	3834.783)	/	8333.696
	=	0.57

Neste OYJ (OTCPK:NTOIF) 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.

Neste OYJ Debt-to-Equity Related Terms

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

Neste OYJ (Neste OYJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Neste OYJ (OTCPK:NTOIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NTOIY:USA NESTE:Mexico 1NESTE:Italy NESTEh:UK 0O46:UK NESTE:Finland NEF:Germany

Address

Keilaranta 21, P.O. Box 95, Neste, Espoo, FIN, 00095

Website

https://www.neste.com

Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.