CVO Petrochemical Refinery (DHA:CVOPRL) Debt-to-Equity : 1.32 (As of Dec. 2023)

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What is CVO Petrochemical Refinery Debt-to-Equity?

CVO Petrochemical Refinery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT352.1 Mil. CVO Petrochemical Refinery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was BDT5.3 Mil. CVO Petrochemical Refinery's Total Stockholders Equity for the quarter that ended in Dec. 2023 was BDT270.6 Mil. CVO Petrochemical Refinery's debt to equity for the quarter that ended in Dec. 2023 was 1.32.

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 CVO Petrochemical Refinery's Debt-to-Equity or its related term are showing as below:

DHA:CVOPRL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.75 Max: 2.64
Current: 1.32

During the past 11 years, the highest Debt-to-Equity Ratio of CVO Petrochemical Refinery was 2.64. The lowest was 0.29. And the median was 0.75.

DHA:CVOPRL's Debt-to-Equity is ranked worse than
81.18% of 829 companies
in the Oil & Gas industry
Industry Median: 0.44 vs DHA:CVOPRL: 1.32

CVO Petrochemical Refinery Debt-to-Equity Historical Data

The historical data trend for CVO Petrochemical Refinery'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.

CVO Petrochemical Refinery Debt-to-Equity Chart

CVO Petrochemical Refinery Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.70

0.64

0.77

1.63

1.60

CVO Petrochemical Refinery 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															2.21	2.07	1.60	1.05	1.32

Competitive Comparison of CVO Petrochemical Refinery's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, CVO Petrochemical Refinery'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.

CVO Petrochemical Refinery's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where CVO Petrochemical Refinery's Debt-to-Equity falls into.

CVO Petrochemical Refinery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CVO Petrochemical Refinery's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(359.515	+	7.183)	/	229.598
	=	1.60

CVO Petrochemical Refinery'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
	=	(352.14	+	5.341)	/	270.566
	=	1.32

CVO Petrochemical Refinery (DHA:CVOPRL) 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.

CVO Petrochemical Refinery Debt-to-Equity Related Terms

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CVO Petrochemical Refinery (DHA:CVOPRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVO Petrochemical Refinery PLC (DHA:CVOPRL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

37, Katalgonj, Panchlaish, Chattogram, BGD, 4203

Website

http://www.cvopetro.com

CVO Petrochemical Refinery Ltd is a petrochemical company. It is engaged in the production and sale of Hydrocarbon Solvent with the use of new raw material Naphtha and also supplies fuels like Motor Spirit (MS), Mineral Turpentine (MTT), HSD (High-Speed Diesel) which it produces from Natural Gas Condensate.

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