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Western Refining's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $11 Mil. Western Refining's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2017 was $1,959 Mil. Western Refining's Total Stockholders Equity for the quarter that ended in Mar. 2017 was $1,663 Mil. Western Refining's debt to equity for the quarter that ended in Mar. 2017 was 1.18.
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 Western Refining's Debt-to-Equity or its related term are showing as below:
The historical data trend for Western Refining'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.
Western Refining Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.56 | 1.58 | 1.35 | 1.31 | 1.14 |
Western Refining Quarterly Data | ||||||||||||||||||||
Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | |
Debt-to-Equity | Get a 7-Day Free Trial | 1.40 | 1.24 | 1.27 | 1.14 | 1.18 |
For the Oil & Gas Refining & Marketing subindustry, Western Refining'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.
For the Oil & Gas industry and Energy sector, Western Refining's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Western Refining's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Western Refining's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 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 | |
= | (10.5 | + | 1925.968) | / | 1696.86 | |
= | 1.14 |
Western Refining's Debt to Equity Ratio for the quarter that ended in Mar. 2017 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 | |
= | (10.5 | + | 1958.579) | / | 1663.116 | |
= | 1.18 |
* 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.
Western Refining (NYSE:WNR) 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.
Thank you for viewing the detailed overview of Western Refining's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Sigmund L Cornelius | director | C/O COLUMBIA PIPELINE GROUP, INC., 5151 SAN FELIPE, STE. 2500, HOUSTON TX 77056 |
David L Lamp | officer: President and COO | C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479 |
Scott D Weaver | director | C/O WESTERN REFINING, INC., 6500 TROWBRIDGE DRIVE, EL PASO TX 79905 |
Karen Berriman Davis | officer: EVP and CFO | 123 WEST MILLS AVENUE, SUITE 200, EL PASO TX 79901 |
Carin Marcy Barth | director | |
Mark B Cox | officer: SVP-Treasurer, Director of IR | 680 LEGENDS CREST DRIVE, FRANKLIN TN 37069 |
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