Petrovietnam General Services (STC:PET) Debt-to-Equity : 2.23 (As of Dec. 2023)

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What is Petrovietnam General Services Debt-to-Equity?

Petrovietnam General Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₫4,515,926 Mil. Petrovietnam General Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₫10,870 Mil. Petrovietnam General Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₫2,027,178 Mil. Petrovietnam General Services's debt to equity for the quarter that ended in Dec. 2023 was 2.23.

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 Petrovietnam General Services's Debt-to-Equity or its related term are showing as below:

STC:PET' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.01 Med: 1.75 Max: 2.23
Current: 2.23

During the past 13 years, the highest Debt-to-Equity Ratio of Petrovietnam General Services was 2.23. The lowest was 1.01. And the median was 1.75.

STC:PET's Debt-to-Equity is ranked worse than
91.2% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs STC:PET: 2.23

Petrovietnam General Services Debt-to-Equity Historical Data

The historical data trend for Petrovietnam General Services'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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Petrovietnam General Services Debt-to-Equity Chart

Petrovietnam General Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.01

1.76

1.88

1.91

2.23

Petrovietnam General Services 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															1.91	2.36	2.19	1.80	2.23

Competitive Comparison of Petrovietnam General Services's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Petrovietnam General Services'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.

Petrovietnam General Services's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Petrovietnam General Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petrovietnam General Services'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
	=	(4515926.257	+	10870.283)	/	2027177.613
	=	2.23

Petrovietnam General Services'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
	=	(4515926.257	+	10870.283)	/	2027177.613
	=	2.23

Petrovietnam General Services (STC:PET) 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.

Petrovietnam General Services Debt-to-Equity Related Terms

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Petrovietnam General Services (STC:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam General Services Corp (STC:PET) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1-5 Le Duan Street 06 Floor, PetroVietNam Building Ben, Nghe District, Ho Chi Minh City, VNM

Website

http://www.petrosetco.com.vn

Petrovietnam General Services Corp is engaged in the distribution of telecom, IT and electronic products, household goods, polypropylene plastic particle, polyester, and LPG. The company is also involved in catering services, supply chain services which include the supply of oilfield materials and equipment, heavy cargo transportation and lifting services, and logistics services, and property services focusing on real estate management, hotel service, and real estate development and investment.