PCCYF (PetroChina Co) Debt-to-Equity : 0.23 (As of Sep. 2024)

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What is PetroChina Co Debt-to-Equity?

PetroChina Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $19,289 Mil. PetroChina Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $28,219 Mil. PetroChina Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $210,572 Mil. PetroChina Co's debt to equity for the quarter that ended in Sep. 2024 was 0.23.

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

PCCYF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.41 Max: 0.54
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of PetroChina Co was 0.54. The lowest was 0.23. And the median was 0.41.

PCCYF's Debt-to-Equity is ranked better than
67.35% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs PCCYF: 0.23

PetroChina Co Debt-to-Equity Historical Data

The historical data trend for PetroChina Co'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.

PetroChina Co Debt-to-Equity Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.50

0.41

0.37

0.33

0.29

PetroChina Co 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															0.30	0.29	0.24	0.23	0.23

Competitive Comparison of PetroChina Co's Debt-to-Equity

For the Oil & Gas Integrated subindustry, PetroChina Co'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.

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

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

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

PetroChina Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PetroChina Co'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
	=	(21959.469	+	35942.411)	/	202572.757
	=	0.29

PetroChina Co'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
	=	(19288.581	+	28219.333)	/	210571.792
	=	0.23

PetroChina Co (OTCPK:PCCYF) 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.

PetroChina Co Debt-to-Equity Related Terms

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PetroChina Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (OTCPK:PCCYF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

00857:Hong Kong PC6:Germany 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2023, it produced more than 1.7 billion barrels of oil equivalent of oil and gas, and processed 1.4 billion barrels of crude oil. It also has more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 82%.