APA (FRA:2S3) Debt-to-Equity : 1.27 (As of Sep. 2024)

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What is APA Debt-to-Equity?

APA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €90 Mil. APA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €5,739 Mil. APA's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €4,608 Mil. APA's debt to equity for the quarter that ended in Sep. 2024 was 1.27.

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

FRA:2S3' s Debt-to-Equity Range Over the Past 10 Years
Min: -333.28 Med: 1.22 Max: 13.38
Current: 1.27

During the past 13 years, the highest Debt-to-Equity Ratio of APA was 13.38. The lowest was -333.28. And the median was 1.22.

FRA:2S3's Debt-to-Equity is ranked worse than
80.1% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs FRA:2S3: 1.27

APA Debt-to-Equity Historical Data

The historical data trend for APA'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.

APA Debt-to-Equity Chart

APA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.68

-5.42

-4.77

13.29

2.00

APA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															5.28	2.00	2.03	1.26	1.27

Competitive Comparison of APA's Debt-to-Equity

For the Oil & Gas E&P subindustry, APA'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.

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

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

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

APA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

APA'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
	=	(108.206	+	4755.562)	/	2434.635
	=	2.00

APA's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(90.1	+	5739.37)	/	4607.714
	=	1.27

APA (FRA:2S3) 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.

APA Debt-to-Equity Related Terms

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

APA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » APA Corp (FRA:2S3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

APA:USA AP A:Mexico 0HGC:UK APA:Germany A1PA34:Brazil

Address

2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400

Website

https://www.apacorp.com

Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).

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