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Petrofac (Petrofac) Debt-to-Equity : -23.95 (As of Jun. 2023)


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What is Petrofac Debt-to-Equity?

Petrofac's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $906 Mil. Petrofac's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $100 Mil. Petrofac's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-42 Mil. Petrofac's debt to equity for the quarter that ended in Jun. 2023 was -23.95.

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

POFCY' s Debt-to-Equity Range Over the Past 10 Years
Min: -23.95   Med: 2.14   Max: 7.82
Current: -23.95

During the past 13 years, the highest Debt-to-Equity Ratio of Petrofac was 7.82. The lowest was -23.95. And the median was 2.14.

POFCY's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.44 vs POFCY: -23.95

Petrofac Debt-to-Equity Historical Data

The historical data trend for Petrofac'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.

Petrofac Debt-to-Equity Chart

Petrofac Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.54 1.64 2.05 2.46 7.82

Petrofac Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.35 2.46 2.11 7.82 -23.95

Competitive Comparison of Petrofac's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Petrofac'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.

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

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

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


Petrofac Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petrofac'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
=(865 + 144) / 129
=7.82

Petrofac's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(906 + 100) / -42
=-23.95

* 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.

Petrofac  (OTCPK:POFCY) 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.

Petrofac Debt-to-Equity Related Terms

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

Petrofac (Petrofac) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrofac Ltd (OTCPK:POFCY) » Definitions » Debt-to-Equity
Comparable Companies
LSE:POS LSE:PRES LSE:TAND LSE:GMS LSE:NTQ LSE:GTC LSE:THAL SLB HAL BKR MIL:TEN FTI WFRD SHSE:601808 NOV CHX SHSE:600968 ASX:WOR XPAR:GTT VAL
Traded in Other Exchanges
POFCF:USA PFCl:UK PFC:UK P2F:Germany
Address
26 New Street, St Helier, JEY, JE2 3RA
Website
https://www.petrofac.com
Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated energy services. It derives the majority of the revenue from Engineering and Construction which provides fixed-price engineering, procurement and construction project execution services and reimbursable engineering, procurement and construction management services to the onshore and offshore oil and gas industry. The company operates worldwide and generates most of its revenue from the United kingdom.