Hess (HES) Debt-to-Equity : 0.88 (As of Sep. 2024)

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What is Hess Debt-to-Equity?

Hess's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $342 Mil. Hess's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $9,168 Mil. Hess's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $10,821 Mil. Hess's debt to equity for the quarter that ended in Sep. 2024 was 0.88.

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

HES' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.86 Max: 1.69
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of Hess was 1.69. The lowest was 0.27. And the median was 0.86.

HES's Debt-to-Equity is ranked worse than
71% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs HES: 0.88

Hess Debt-to-Equity Historical Data

The historical data trend for Hess'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.

Hess Debt-to-Equity Chart

Hess Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

1.69

1.45

1.17

1.07

Hess 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															1.08	1.07	0.98	0.94	0.88

Competitive Comparison of Hess's Debt-to-Equity

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

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

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

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

Hess Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hess'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
	=	(681	+	8917)	/	8986
	=	1.07

Hess'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
	=	(342	+	9168)	/	10821
	=	0.88

Hess (NYSE:HES) 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.

Hess Debt-to-Equity Related Terms

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

Hess Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Corp (NYSE:HES) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0J50:UK AHC:Germany AHC:Germany HES:Austria

Address

1185 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.hess.com

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2023, the company reported net proved reserves of 1.4 billion barrels of oil equivalent. Net production averaged 391 thousand barrels of oil equivalent per day in 2023, at a ratio of 74% oil and natural gas liquids and 26% natural gas.

Executives

John B Hess	director, 10 percent owner, officer: Chairman of the Board and CEO	C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Geurt G Schoonman	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Gregory P. Hill	officer: Executive Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Andrew P Slentz	officer: Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John P Rielly	officer: Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Richard D. Lynch	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Barbara J Lowery-yilmaz	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Timothy B. Goodell	director, officer: Executive Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Lisa Glatch	director	EVOQUA WATER TECHNOLOGIES CORP., 210 SIXTH AVENUE, PITTSBURGH PA 15222
Raymond J Mcguire	director	5 GIRALDA FARMS, MADISON NJ 07940
Marc S Lipschultz	director	C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 37TH FLOOR, NEW YORK NY 10022
Karyn F. Ovelmen	director	STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Michael R Turner	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Terrence J. Checki	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Edith E Holiday	director	FRANKLIN RESOURCES INC, 901 MARINERS ISLAND BLVD 6TH FL, SAN MATEO CA 94404