Lanka IOC (COL:LIOC.N0000) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is Lanka IOC Debt-to-Equity?

Lanka IOC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු4,311 Mil. Lanka IOC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු49 Mil. Lanka IOC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was රු73,470 Mil. Lanka IOC's debt to equity for the quarter that ended in Mar. 2024 was 0.06.

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

COL:LIOC.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 1.07
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Lanka IOC was 1.07. The lowest was 0.04. And the median was 0.17.

COL:LIOC.N0000's Debt-to-Equity is ranked better than
88.92% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs COL:LIOC.N0000: 0.06

Lanka IOC Debt-to-Equity Historical Data

The historical data trend for Lanka IOC'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.

Lanka IOC Debt-to-Equity Chart

Lanka IOC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.88

1.04

1.07

0.07

0.06

Lanka IOC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	-	-	0.05	0.06

Competitive Comparison of Lanka IOC's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Lanka IOC'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.

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

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

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

Lanka IOC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lanka IOC's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(4310.963	+	48.669)	/	73470.157
	=	0.06

Lanka IOC's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(4310.963	+	48.669)	/	73470.157
	=	0.06

Lanka IOC (COL:LIOC.N0000) 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.

Lanka IOC Debt-to-Equity Related Terms

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

Lanka IOC (COL:LIOC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lanka IOC PLC (COL:LIOC.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

World Trade Center, Level 20, West Tower, Echelon Square, Colombo, LKA, 01

Website

https://www.lankaioc.com

Lanka IOC PLC is engaged in importing, blending, distributing, and selling of petroleum products. Its product offering is divided into five divisions namely Autofuel, Lubricants, Bitumen, Bunkering, and Petrochemicals. The Company is dealing only in the Petroleum products. Some of its products are Diesel, Petrol, IFO 180 cst, Marine Gas Oil, Bitumen 60/70, Bitumen 80/100 and others. The company gets revenue from Lanka Petrol 92 Octane, Lanka Auto Diesel, Xtramile, Lanka Super Diesel, Xtrapremium Euro 3, Xtrapremium 95, Lubricants, Bunkering, Bitumen and Petrochemical.

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