Marathon Petroleum (BSP:M1PC34) Debt-to-Equity : 1.17 (As of Dec. 2023)

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What is Marathon Petroleum Debt-to-Equity?

Marathon Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$11,799 Mil. Marathon Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$127,850 Mil. Marathon Petroleum's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$119,575 Mil. Marathon Petroleum's debt to equity for the quarter that ended in Dec. 2023 was 1.17.

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

BSP:M1PC34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.91 Max: 1.49
Current: 1.17

During the past 13 years, the highest Debt-to-Equity Ratio of Marathon Petroleum was 1.49. The lowest was 0.61. And the median was 0.91.

BSP:M1PC34's Debt-to-Equity is ranked worse than
78.7% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs BSP:M1PC34: 1.17

Marathon Petroleum Debt-to-Equity Historical Data

The historical data trend for Marathon Petroleum'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.

Marathon Petroleum Debt-to-Equity Chart

Marathon Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.91

1.49

1.03

1.01

1.17

Marathon Petroleum 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															1.01	1.06	1.11	1.11	1.17

Competitive Comparison of Marathon Petroleum's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Marathon Petroleum'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.

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

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

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

Marathon Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Marathon Petroleum'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
	=	(11798.718	+	127850.481)	/	119574.719
	=	1.17

Marathon Petroleum'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
	=	(11798.718	+	127850.481)	/	119574.719
	=	1.17

Marathon Petroleum (BSP:M1PC34) 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.

Marathon Petroleum Debt-to-Equity Related Terms

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Marathon Petroleum (BSP:M1PC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marathon Petroleum Corp (BSP:M1PC34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MPC:USA MPC:Mexico MPN:Germany MPC:Austria

Address

539 South Main Street, Findlay, OH, USA, 45840-3229

Website

https://www.marathonpetroleum.com

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

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