APA (BSP:A1PA34) Debt-to-Equity : 2.00 (As of Dec. 2023)

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What is APA Debt-to-Equity?

APA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$578 Mil. APA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$25,410 Mil. APA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$13,009 Mil. APA's debt to equity for the quarter that ended in Dec. 2023 was 2.00.

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

BSP:A1PA34' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.42 Med: 1.15 Max: 13.29
Current: 2

During the past 13 years, the highest Debt-to-Equity Ratio of APA was 13.29. The lowest was -5.42. And the median was 1.15.

BSP:A1PA34's Debt-to-Equity is ranked worse than
89.88% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs BSP:A1PA34: 2.00

APA Debt-to-Equity Historical Data

The historical data trend for APA'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.

APA Debt-to-Equity Chart

APA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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2.68

-5.42

-4.77

13.29

2.00

APA 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															13.29	13.38	8.01	5.28	2.00

Competitive Comparison of APA's Debt-to-Equity

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

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

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

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

APA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

APA'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
	=	(578.176	+	25410.363)	/	13008.969
	=	2.00

APA'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
	=	(578.176	+	25410.363)	/	13008.969
	=	2.00

APA (BSP:A1PA34) 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.

APA Debt-to-Equity Related Terms

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

APA (BSP:A1PA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » APA Corp (BSP:A1PA34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

APA:USA AP A:Mexico 2S3:Germany

Address

2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400

Website

https://www.apacorp.com

Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).

APA (BSP:A1PA34) Headlines

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