Nostrum Oil & Gas (XKAZ:GB_NTRM) Debt-to-Equity : -81.41 (As of Mar. 2023)

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What is Nostrum Oil & Gas Debt-to-Equity?

Nostrum Oil & Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₸1,015 Mil. Nostrum Oil & Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ₸188,393 Mil. Nostrum Oil & Gas's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ₸-2,327 Mil. Nostrum Oil & Gas's debt to equity for the quarter that ended in Mar. 2023 was -81.41.

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 Nostrum Oil & Gas's Debt-to-Equity or its related term are showing as below:

XKAZ:GB_NTRM' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.13 Med: -0.23 Max: 2.03
Current: -7.13

During the past 13 years, the highest Debt-to-Equity Ratio of Nostrum Oil & Gas was 2.03. The lowest was -7.13. And the median was -0.23.

XKAZ:GB_NTRM's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs XKAZ:GB_NTRM: -7.13

Nostrum Oil & Gas Debt-to-Equity Historical Data

The historical data trend for Nostrum Oil & Gas'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.

Nostrum Oil & Gas Debt-to-Equity Chart

Nostrum Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-2.65

-1.49

-1.57

-1.49

-7.13

Nostrum Oil & Gas Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-1.57	-1.57	-1.49	-81.41	-7.13

Competitive Comparison of Nostrum Oil & Gas's Debt-to-Equity

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

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

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

* The bar in red indicates where Nostrum Oil & Gas's Debt-to-Equity falls into.

Nostrum Oil & Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nostrum Oil & Gas'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
	=	(80.687	+	217427.709)	/	-30511.308
	=	-7.13

Nostrum Oil & Gas's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1014.866	+	188392.858)	/	-2326.615
	=	-81.41

Nostrum Oil & Gas (XKAZ:GB_NTRM) 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.

Nostrum Oil & Gas Debt-to-Equity Related Terms

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

Nostrum Oil & Gas (XKAZ:GB_NTRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nostrum Oil & Gas PLC (XKAZ:GB_NTRM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NOGl:UK NOG:UK 3NO0:Germany

Address

20 Eastbourne Terrace, London, GBR, W2 6LG

Website

https://www.nog.co.uk

Nostrum Oil & Gas PLC is engaged in the production, development, and exploration of oil and gas in Kazakhstan. It provides the market with crude oil, stabilized liquid condensate, liquefied petroleum gas, and dry gas. Most of the company's production is derived from licensed assets in the pre-Caspian basin that can be found in western Kazakhstan. In addition to handling the production of its oil assets, Nostrum handles marketing and transportation. It has a network of pipelines and terminals that help ship products to a variety of end markets. Its client base includes a host of international customers.

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