Petrovietnam Drilling & Well Service (STC:PVD) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Petrovietnam Drilling & Well Service Debt-to-Equity?

Petrovietnam Drilling & Well Service's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₫553,353 Mil. Petrovietnam Drilling & Well Service's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₫2,787,682 Mil. Petrovietnam Drilling & Well Service's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₫14,660,863 Mil. Petrovietnam Drilling & Well Service's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 Drilling & Well Service's Debt-to-Equity or its related term are showing as below:

STC:PVD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.29 Max: 0.49
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Petrovietnam Drilling & Well Service was 0.49. The lowest was 0.23. And the median was 0.29.

STC:PVD's Debt-to-Equity is ranked better than
67.23% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs STC:PVD: 0.23

Petrovietnam Drilling & Well Service Debt-to-Equity Historical Data

The historical data trend for Petrovietnam Drilling & Well Service'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 Drilling & Well Service Debt-to-Equity Chart

Petrovietnam Drilling & Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.27

0.28

0.29

0.28

0.23

Petrovietnam Drilling & Well Service 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															0.28	0.27	0.25	0.24	0.23

Competitive Comparison of Petrovietnam Drilling & Well Service's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Petrovietnam Drilling & Well Service'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 Drilling & Well Service's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petrovietnam Drilling & Well Service's Debt-to-Equity falls into.

Petrovietnam Drilling & Well Service Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petrovietnam Drilling & Well Service'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
	=	(553352.813	+	2787681.809)	/	14660862.546
	=	0.23

Petrovietnam Drilling & Well Service'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
	=	(553352.813	+	2787681.809)	/	14660862.546
	=	0.23

Petrovietnam Drilling & Well Service (STC:PVD) 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 Drilling & Well Service Debt-to-Equity Related Terms

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Petrovietnam Drilling & Well Service (STC:PVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam Drilling & Well Service Corp (STC:PVD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor, Sailing Tower, 111A Pasteur Street, Ben Nghe Ward, District 1, Ho Chi Minh, VNM

Website

http://www.pvdrilling.com.vn

Petrovietnam Drilling & Well Service Corp is a provider of drilling rigs and technical services for the exploration and exploitation of oil and gas industry locally and internationally. The company operates through three segments namely Drilling services, Trading, and Other services. Its Drilling services segment offers drilling rigs and drilling services. The Trading segment produces material and equipment for drilling-related activities. Its Other services segment is involved in administering well services, wireline logging, oil spill control service, drilling manpower supply service, investment-management project consulting service, management consulting service and other related services. Geographically it operates in Vietnam, Malaysia, Myanmar, Algeria.

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