Dor Alon Energy In Israel (XTAE:DRAL) Debt-to-Equity : 2.57 (As of Dec. 2023)

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What is Dor Alon Energy In Israel Debt-to-Equity?

Dor Alon Energy In Israel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪1,336 Mil. Dor Alon Energy In Israel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪2,064 Mil. Dor Alon Energy In Israel's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪1,322 Mil. Dor Alon Energy In Israel's debt to equity for the quarter that ended in Dec. 2023 was 2.57.

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 Dor Alon Energy In Israel's Debt-to-Equity or its related term are showing as below:

XTAE:DRAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 2.61 Max: 2.94
Current: 2.57

During the past 13 years, the highest Debt-to-Equity Ratio of Dor Alon Energy In Israel was 2.94. The lowest was 1.35. And the median was 2.61.

XTAE:DRAL's Debt-to-Equity is ranked worse than
92.89% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs XTAE:DRAL: 2.57

Dor Alon Energy In Israel Debt-to-Equity Historical Data

The historical data trend for Dor Alon Energy In Israel'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.

Dor Alon Energy In Israel Debt-to-Equity Chart

Dor Alon Energy In Israel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.67

2.88

2.74

2.94

2.57

Dor Alon Energy In Israel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.94	2.45	2.67	2.55	2.57

Competitive Comparison of Dor Alon Energy In Israel's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Dor Alon Energy In Israel'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.

Dor Alon Energy In Israel's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Dor Alon Energy In Israel's Debt-to-Equity falls into.

Dor Alon Energy In Israel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dor Alon Energy In Israel'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
	=	(1336.374	+	2064.467)	/	1322.287
	=	2.57

Dor Alon Energy In Israel's Debt to Equity Ratio for the quarter 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
	=	(1336.374	+	2064.467)	/	1322.287
	=	2.57

Dor Alon Energy In Israel (XTAE:DRAL) 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.

Dor Alon Energy In Israel Debt-to-Equity Related Terms

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Dor Alon Energy In Israel (XTAE:DRAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dor Alon Energy In Israel (XTAE:DRAL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

France Building, Europark, P.O. Box 1, Yakum, ISR, 60972

Website

http://www.doralon.co.il

Dor Alon Energy In Israel markets fuel and lubricants for all sector of the economy, industry, agriculture and the institutional sectors. Its products and services include Speedomat, Diesel Refueling Center, Fuel Supply, Lubricants, Home Heating, and Jet Fuel. The company distributes its products to more than 70 countries.

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