Suncor Energy (TSX:SU) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Suncor Energy Debt-to-Equity?

Suncor Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$842 Mil. Suncor Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$14,565 Mil. Suncor Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$43,279 Mil. Suncor Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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

TSX:SU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.39 Max: 0.61
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Suncor Energy was 0.61. The lowest was 0.32. And the median was 0.39.

TSX:SU's Debt-to-Equity is ranked better than
55.78% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs TSX:SU: 0.36

Suncor Energy Debt-to-Equity Historical Data

The historical data trend for Suncor Energy'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.

Suncor Energy Debt-to-Equity Chart

Suncor Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.43

0.61

0.50

0.40

0.36

Suncor Energy 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															0.40	0.42	0.42	0.37	0.36

Competitive Comparison of Suncor Energy's Debt-to-Equity

For the Oil & Gas Integrated subindustry, Suncor Energy'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.

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

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

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

Suncor Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suncor Energy'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
	=	(842	+	14565)	/	43279
	=	0.36

Suncor Energy'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
	=	(842	+	14565)	/	43279
	=	0.36

Suncor Energy (TSX:SU) 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.

Suncor Energy Debt-to-Equity Related Terms

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

Suncor Energy (TSX:SU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Suncor Energy Inc (TSX:SU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SU:USA SUU:Mexico SM3:Germany SM3:Germany

Address

150 - 6th Avenue S.W., P.O. Box 2844, Calgary, AB, CAN, T2P 3E3

Website

https://www.suncor.com

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's Petro-Canada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.