Pakistan Refinery (KAR:PRL) Debt-to-Equity : 0.93 (As of Mar. 2024)

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What is Pakistan Refinery Debt-to-Equity?

Pakistan Refinery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨25,411 Mil. Pakistan Refinery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₨3,130 Mil. Pakistan Refinery's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₨30,627 Mil. Pakistan Refinery's debt to equity for the quarter that ended in Mar. 2024 was 0.93.

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

KAR:PRL' s Debt-to-Equity Range Over the Past 10 Years
Min: -97.06 Med: 3.23 Max: 22.65
Current: 0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Pakistan Refinery was 22.65. The lowest was -97.06. And the median was 3.23.

KAR:PRL's Debt-to-Equity is ranked worse than
72.77% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs KAR:PRL: 0.93

Pakistan Refinery Debt-to-Equity Historical Data

The historical data trend for Pakistan Refinery'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.

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Pakistan Refinery Debt-to-Equity Chart

Pakistan Refinery Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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5.42

-97.06

8.80

0.81

1.26

Pakistan Refinery 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															0.95	1.26	0.94	0.91	0.93

Competitive Comparison of Pakistan Refinery's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Pakistan Refinery'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.

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

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

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

Pakistan Refinery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pakistan Refinery's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(29842.753	+	2133.054)	/	25357.268
	=	1.26

Pakistan Refinery'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
	=	(25410.698	+	3130.069)	/	30626.779
	=	0.93

Pakistan Refinery (KAR:PRL) 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.

Pakistan Refinery Debt-to-Equity Related Terms

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

Pakistan Refinery (KAR:PRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pakistan Refinery Ltd (KAR:PRL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Korangi Creek Road, P.O. Box 4612, Karachi, PAK, 75190

Website

https://www.prl.com.pk

Pakistan Refinery Ltd is a manufacturer and supplier of petroleum products to the domestic market and Pakistan defence forces. Its products include liquefied petroleum gas, motor gasoline, kerosene oil, jet fuels, high-speed diesel and furnace oil. Its refinery operates at two locations; the main processing facility is located at Korangi Creek with supporting crude berthing and storage facility at Keamari.

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