EC (Ecopetrol) Debt-to-Equity: N/A (As of Mar. 2026)

Name: Ecopetrol SA (EC) — Historical Annual & Quarterly Data
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Valuation Significantly Overvalued

7 Warning Signs

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What is Ecopetrol Debt-to-Equity?

Ecopetrol's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0 Mil. Ecopetrol's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0 Mil. Ecopetrol's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $0 Mil.

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

EC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 1.15 Max: 1.64
Current: 1.34

During the past 13 years, the highest Debt-to-Equity Ratio of Ecopetrol was 1.64. The lowest was 0.68. And the median was 1.15.

EC's Debt-to-Equity is ranked worse than
79.3% of 797 companies
in the Oil & Gas industry
Industry Median: 0.46 vs EC: 1.34

Ecopetrol (NYSE:EC) 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.

Ecopetrol Debt-to-Equity Related Terms

Ecopetrol Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Ecopetrol'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.

Ecopetrol Debt-to-Equity Chart

Ecopetrol Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Debt-to-Equity

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1.39

1.34

1.40

1.50

1.34

Ecopetrol Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Debt-to-Equity	Get a 7-Day Free Trial															N/A	1.52	1.42	1.34	N/A

EC vs XOM, CVX: Debt-to-Equity Comparison

For the Oil & Gas Integrated subindustry, Ecopetrol'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.

Ecopetrol Debt-to-Equity vs Oil & Gas Industry

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

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

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65GF Score

Ecopetrol SA EC

Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.

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Ecopetrol Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ecopetrol's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 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
	=	(2694.856	+	26499.415)	/	21757.485
	=	1.34

Ecopetrol's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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
	=	(0	+	0)	/	0
	=	N/A

Is Ecopetrol (EC) Overvalued in 2026?

Based on GuruFocus' analysis, Ecopetrol stock appears to be overvalued. The current stock price of $16.16 is trading 48.1% above its estimated GF Value™ of $10.91. GuruFocus considers Ecopetrol to be Significantly Overvalued.

Key valuation signals for EC:

Debt-to-Equity: N/A
GF Value™: $10.91 vs. price of $16.16 (48.1% above fair value)
GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the EC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ecopetrol Business Description

Industry Energy Oil & Gas

Comparable Companies SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386 ADX:ADNOCGAS MIL:ENI TSX:SU TSX:IMO TSX:CVE WAR:PKN BOM:500312 BKK:PTT XMAD:REP WBO:OMV

Other Exchanges EC N:Mexico ECHA:Germany ECOPETROL:Colombia E1CO34:Brazil

Address Carrera 13 No. 36 - 24, Main Building, Bogota, COL

Website https://www.ecopetrol.com.co

Ecopetrol SA is engaged in commercial and industrial activities related to the exploration, exploitation, refining, transportation, storage, distribution, and marketing of hydrocarbons, their derivatives, and products, as well as the electric power transmission services, design, development, construction, operation, and maintenance of road and energy infrastructure projects and the provision of information technology and telecommunications services. The operations of the company are performed through four business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of the company's revenue is generated from the Exploration and Production segment.

65GF Score

Get the complete analysis for EC

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.16

Price

$10.91

GF Value

View EC Analysis

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