Petrolimex Petrochemical JSC (HSTC:PLC) Debt-to-Equity : 1.51 (As of Sep. 2024)

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What is Petrolimex Petrochemical JSC Debt-to-Equity?

Petrolimex Petrochemical JSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₫1,864,702 Mil. Petrolimex Petrochemical JSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ₫0 Mil. Petrolimex Petrochemical JSC's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₫1,233,649 Mil. Petrolimex Petrochemical JSC's debt to equity for the quarter that ended in Sep. 2024 was 1.51.

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

HSTC:PLC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.93 Med: 1.34 Max: 2.18
Current: 1.51

During the past 13 years, the highest Debt-to-Equity Ratio of Petrolimex Petrochemical JSC was 2.18. The lowest was 0.93. And the median was 1.34.

HSTC:PLC's Debt-to-Equity is ranked worse than
92.92% of 1398 companies
in the Chemicals industry
Industry Median: 0.36 vs HSTC:PLC: 1.51

Petrolimex Petrochemical JSC Debt-to-Equity Historical Data

The historical data trend for Petrolimex Petrochemical JSC'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.

Petrolimex Petrochemical JSC Debt-to-Equity Chart

Petrolimex Petrochemical JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.30

1.50

1.13

1.44

1.04

Petrolimex Petrochemical JSC 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															1.33	1.04	1.56	1.66	1.51

Competitive Comparison of Petrolimex Petrochemical JSC's Debt-to-Equity

For the Specialty Chemicals subindustry, Petrolimex Petrochemical JSC'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.

Petrolimex Petrochemical JSC's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Petrolimex Petrochemical JSC's Debt-to-Equity distribution charts can be found below:

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

Petrolimex Petrochemical JSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petrolimex Petrochemical JSC'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
	=	(1365113.845	+	0)	/	1313475.682
	=	1.04

Petrolimex Petrochemical JSC'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
	=	(1864701.682	+	0)	/	1233648.633
	=	1.51

Petrolimex Petrochemical JSC (HSTC:PLC) 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.

Petrolimex Petrochemical JSC Debt-to-Equity Related Terms

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Petrolimex Petrochemical JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petrolimex Petrochemical Corporation JSC (HSTC:PLC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

MIPEC Tower, No.229 Tay Son Street, Dong Da District, Floors 18 & 19, Nga Tu So Ward, Hanoi, VNM

Website

http://www.plc.petrolimex.com.vn

Petrolimex Petrochemical Corporation JSC is principally engaged in trading, importing and exporting lubricants, asphalt, chemicals and other commodities in the oil and gas sector. It is also involved in the trading, importing and exporting materials and equipment specialized in petrochemicals. The company offers transportation, warehouse rental, mixing, test analysis, consulting and technical services. In addition, it provides seagoing vessel services.