ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Debt-to-Equity : 0.67 (As of Dec. 2023)

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What is ADNOC Drilling Company PJSC Debt-to-Equity?

ADNOC Drilling Company PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ135 Mil. ADNOC Drilling Company PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ7,877 Mil. ADNOC Drilling Company PJSC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was د.إ11,989 Mil. ADNOC Drilling Company PJSC's debt to equity for the quarter that ended in Dec. 2023 was 0.67.

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 ADNOC Drilling Company PJSC's Debt-to-Equity or its related term are showing as below:

ADX:ADNOCDRILL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.53 Max: 0.67
Current: 0.67

During the past 6 years, the highest Debt-to-Equity Ratio of ADNOC Drilling Company PJSC was 0.67. The lowest was 0.45. And the median was 0.53.

ADX:ADNOCDRILL's Debt-to-Equity is ranked worse than
62.48% of 829 companies
in the Oil & Gas industry
Industry Median: 0.44 vs ADX:ADNOCDRILL: 0.67

ADNOC Drilling Company PJSC Debt-to-Equity Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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.

ADNOC Drilling Company PJSC Debt-to-Equity Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.45

0.47

0.55

0.53

0.67

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.53	0.49	0.51	0.67	0.67

Competitive Comparison of ADNOC Drilling Company PJSC's Debt-to-Equity

For the Oil & Gas Drilling subindustry, ADNOC Drilling Company PJSC'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.

ADNOC Drilling Company PJSC's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ADNOC Drilling Company PJSC's Debt-to-Equity falls into.

ADNOC Drilling Company PJSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ADNOC Drilling Company PJSC'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
	=	(135.279	+	7876.775)	/	11988.73
	=	0.67

ADNOC Drilling Company PJSC'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
	=	(135.279	+	7876.775)	/	11988.73
	=	0.67

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) 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.

ADNOC Drilling Company PJSC Debt-to-Equity Related Terms

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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

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