Pioneer Natural Resources Co (BSP:P1IO34) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Pioneer Natural Resources Co Debt-to-Equity?

Pioneer Natural Resources Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$995 Mil. Pioneer Natural Resources Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$24,768 Mil. Pioneer Natural Resources Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$113,533 Mil. Pioneer Natural Resources Co's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 Pioneer Natural Resources Co's Debt-to-Equity or its related term are showing as below:

BSP:P1IO34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.27 Max: 0.44
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Pioneer Natural Resources Co was 0.44. The lowest was 0.19. And the median was 0.27.

BSP:P1IO34's Debt-to-Equity is ranked better than
66.99% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs BSP:P1IO34: 0.23

Pioneer Natural Resources Co Debt-to-Equity Historical Data

The historical data trend for Pioneer Natural Resources Co'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.

Pioneer Natural Resources Co Debt-to-Equity Chart

Pioneer Natural Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.30

0.32

0.23

Pioneer Natural Resources Co 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															0.23	0.29	0.26	0.23	0.23

Competitive Comparison of Pioneer Natural Resources Co's Debt-to-Equity

For the Oil & Gas E&P subindustry, Pioneer Natural Resources Co'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.

Pioneer Natural Resources Co's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Pioneer Natural Resources Co's Debt-to-Equity falls into.

Pioneer Natural Resources Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pioneer Natural Resources Co'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
	=	(994.659	+	24768.489)	/	113533.266
	=	0.23

Pioneer Natural Resources Co'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
	=	(994.659	+	24768.489)	/	113533.266
	=	0.23

Pioneer Natural Resources Co (BSP:P1IO34) 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.

Pioneer Natural Resources Co Debt-to-Equity Related Terms

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

Pioneer Natural Resources Co (BSP:P1IO34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pioneer Natural Resources Co (BSP:P1IO34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PXD:USA PXD:Mexico 1PXD:Italy PNK:Germany

Address

777 Hidden Ridge, Irving, TX, USA, 75038

Website

https://www.pxd.com

Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.

Pioneer Natural Resources Co (BSP:P1IO34) Headlines

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