STOSF (Santos) Debt-to-Equity : 0.42 (As of Jun. 2024)

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What is Santos Debt-to-Equity?

Santos's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $981 Mil. Santos's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $5,494 Mil. Santos's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $15,444 Mil. Santos's debt to equity for the quarter that ended in Jun. 2024 was 0.42.

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

STOSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.64 Max: 0.96
Current: 0.42

During the past 13 years, the highest Debt-to-Equity Ratio of Santos was 0.96. The lowest was 0.37. And the median was 0.64.

STOSF's Debt-to-Equity is ranked better than
53.28% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs STOSF: 0.42

Santos Debt-to-Equity Historical Data

The historical data trend for Santos'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.

Santos Debt-to-Equity Chart

Santos Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.58

0.69

0.59

0.37

0.40

Santos Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.37	0.39	0.40	0.42

Competitive Comparison of Santos's Debt-to-Equity

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

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

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

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

Santos Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Santos'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
	=	(835	+	5324)	/	15275
	=	0.40

Santos's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(981	+	5494)	/	15444
	=	0.42

Santos (OTCPK:STOSF) 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.

Santos Debt-to-Equity Related Terms

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

Santos Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SSLZY:USA STS1:Germany STS1:Germany STS1:Germany STO:Australia

Address

60 Flinders Street, Ground Floor Santos Centre, Adelaide, SA, AUS, 5000

Website

https://www.santos.com

Santos was founded in 1954. The company's name is an acronym for South Australia Northern Territory Oil Search. The first Cooper Basin gas discovery came in 1963, with initial supplies in 1969. Santos became a major enterprise, though over-reliance on the Cooper Basin, along with the Moomba field's inexorable decline, saw it struggle to maintain relevance in the first decade of the 21st century. However, the stage was set for a renaissance via conversion of coal seam gas into LNG in Queensland and conventional gas to LNG in PNG.