Parkland (Parkland) Debt-to-Equity

: 2.00 (As of Dec. 2023)

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Parkland's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $142 Mil. Parkland's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,597 Mil. Parkland's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,371 Mil. Parkland's debt to equity for the quarter that ended in Dec. 2023 was 2.00.

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

PKIUF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 1.63 Max: 2.82
Current: 2

During the past 13 years, the highest Debt-to-Equity Ratio of Parkland was 2.82. The lowest was 0.57. And the median was 1.63.

PKIUF's Debt-to-Equity is ranked worse than
89.88% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs PKIUF: 2.00

Parkland Debt-to-Equity Historical Data

The historical data trend for Parkland'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.

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Parkland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.01

2.17

2.82

2.30

2.00

Parkland 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															2.30	2.22	2.10	1.97	2.00

Competitive Comparison

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

Parkland Debt-to-Equity Distribution

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

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

Parkland Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Parkland'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
	=	(142.367	+	4596.75)	/	2371.049
	=	2.00

Parkland'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
	=	(142.367	+	4596.75)	/	2371.049
	=	2.00

Parkland (OTCPK:PKIUF) 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.

Parkland Debt-to-Equity Related Terms

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Parkland (Parkland) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkland Corp (OTCPK:PKIUF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PF6:Germany PKI:Canada

Address

240 - 4th Avenue South west, Suite 1800, Calgary, AB, CAN, T2P 4H4

Website

https://www.parkland.ca

Parkland Corp is a food and convenience retailer and an independent marketer, distributor, and refiner of fuel and petroleum products. Parkland delivers refined fuels, propane, and other high-quality petroleum products to motorists, businesses, consumers, and wholesale customers across the Americas. The company's lines of business are; Retail line of business includes the operations of Parkland retail service stations, including EV charging stations, and convenience and food stores, Commercial includes the operations of card lock sites, bulk fuel, propane, heating oil, lubricants, and other related services, Refining includes the operations of the Burnaby Refinery, and Corporate includes centralized administrative services and expenses.