3R Petroleum Oleo E Gas (BSP:RRRP3) Debt-to-Equity : 1.83 (As of Mar. 2024)

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What is 3R Petroleum Oleo E Gas Debt-to-Equity?

3R Petroleum Oleo E Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$278 Mil. 3R Petroleum Oleo E Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$9,367 Mil. 3R Petroleum Oleo E Gas's Total Stockholders Equity for the quarter that ended in Mar. 2024 was R$5,279 Mil. 3R Petroleum Oleo E Gas's debt to equity for the quarter that ended in Mar. 2024 was 1.83.

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 3R Petroleum Oleo E Gas's Debt-to-Equity or its related term are showing as below:

BSP:RRRP3' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.36 Max: 1.83
Current: 1.83

During the past 8 years, the highest Debt-to-Equity Ratio of 3R Petroleum Oleo E Gas was 1.83. The lowest was 0.01. And the median was 0.36.

BSP:RRRP3's Debt-to-Equity is ranked worse than
87.47% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs BSP:RRRP3: 1.83

3R Petroleum Oleo E Gas Debt-to-Equity Historical Data

The historical data trend for 3R Petroleum Oleo E 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.

3R Petroleum Oleo E Gas Debt-to-Equity Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.59

0.02

0.26

1.70

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	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															0.26	1.56	1.66	1.70	1.83

Competitive Comparison of 3R Petroleum Oleo E Gas's Debt-to-Equity

For the Oil & Gas E&P subindustry, 3R Petroleum Oleo E 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.

3R Petroleum Oleo E Gas's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 3R Petroleum Oleo E Gas's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 3R Petroleum Oleo E Gas's Debt-to-Equity falls into.

3R Petroleum Oleo E Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

3R Petroleum Oleo E 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
	=	(999.982	+	8345.698)	/	5492.437
	=	1.70

3R Petroleum Oleo E Gas'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
	=	(277.92	+	9366.832)	/	5278.92
	=	1.83

3R Petroleum Oleo E Gas (BSP:RRRP3) 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.

3R Petroleum Oleo E Gas Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of 3R Petroleum Oleo E Gas's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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