Petrovietnam Chemical And Services (HSTC:PVC) Debt-to-Equity : 0.51 (As of Mar. 2024)

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What is Petrovietnam Chemical And Services Debt-to-Equity?

Petrovietnam Chemical And Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫477,743 Mil. Petrovietnam Chemical And Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₫0 Mil. Petrovietnam Chemical And Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₫941,858 Mil. Petrovietnam Chemical And Services's debt to equity for the quarter that ended in Mar. 2024 was 0.51.

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 Petrovietnam Chemical And Services's Debt-to-Equity or its related term are showing as below:

HSTC:PVC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.61 Max: 1.06
Current: 0.51

During the past 12 years, the highest Debt-to-Equity Ratio of Petrovietnam Chemical And Services was 1.06. The lowest was 0.18. And the median was 0.61.

HSTC:PVC's Debt-to-Equity is ranked worse than
53.81% of 827 companies
in the Oil & Gas industry
Industry Median: 0.45 vs HSTC:PVC: 0.51

Petrovietnam Chemical And Services Debt-to-Equity Historical Data

The historical data trend for Petrovietnam Chemical And Services'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.

Petrovietnam Chemical And Services Debt-to-Equity Chart

Petrovietnam Chemical And Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.52

0.74

0.89

0.86

Petrovietnam Chemical And Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.82	0.91	1.06	0.86	0.51

Competitive Comparison of Petrovietnam Chemical And Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Petrovietnam Chemical And Services'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.

Petrovietnam Chemical And Services's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petrovietnam Chemical And Services's Debt-to-Equity falls into.

Petrovietnam Chemical And Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Petrovietnam Chemical And Services'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
	=	(809914.517	+	0)	/	941807.391
	=	0.86

Petrovietnam Chemical And Services's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(477742.702	+	0)	/	941858.012
	=	0.51

Petrovietnam Chemical And Services (HSTC:PVC) 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.

Petrovietnam Chemical And Services Debt-to-Equity Related Terms

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

Petrovietnam Chemical And Services (HSTC:PVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrovietnam Chemical And Services Corp (HSTC:PVC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 167 Trung Kinh Street, 6th Floor, VPI Tower, Yen Hoa Commune, Cau Giay District, Hanoi, VNM

Website

http://pvdmc.com.vn

Petrovietnam Chemical And Services Corp is engaged in the exploiting, producing and trading materials and chemicals. It's products used in drilling mud and cement for oil and gas exploration drilling. The company also engaged in trading, ex-importing chemicals, equipment and materials for petroleum drilling, exploiting and processing industry and other industrial sectors.

Petrovietnam Chemical And Services (HSTC:PVC) Headlines

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