NOVATEK PJSC (MIC:NVTK) Debt-to-Equity : 0.07 (As of Jun. 2023)

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What is NOVATEK PJSC Debt-to-Equity?

NOVATEK PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽10,327 Mil. NOVATEK PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ₽153,529 Mil. NOVATEK PJSC's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ₽2,387,458 Mil. NOVATEK PJSC's debt to equity for the quarter that ended in Jun. 2023 was 0.07.

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

MIC:NVTK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.21 Max: 0.84
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of NOVATEK PJSC was 0.84. The lowest was 0.09. And the median was 0.21.

MIC:NVTK's Debt-to-Equity is ranked better than
84.94% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs MIC:NVTK: 0.09

NOVATEK PJSC Debt-to-Equity Historical Data

The historical data trend for NOVATEK 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.

NOVATEK PJSC Debt-to-Equity Chart

NOVATEK PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.21

0.10

0.14

0.10

0.09

NOVATEK PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.10	0.10	0.07	0.09

Competitive Comparison of NOVATEK PJSC's Debt-to-Equity

For the Oil & Gas E&P subindustry, NOVATEK 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.

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

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

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

NOVATEK PJSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

NOVATEK 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
	=	(19003	+	205358)	/	2593541
	=	0.09

NOVATEK PJSC's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(10327	+	153529)	/	2387458
	=	0.07

NOVATEK PJSC (MIC:NVTK) 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.

NOVATEK PJSC Debt-to-Equity Related Terms

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

NOVATEK PJSC (MIC:NVTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOVATEK PJSC (MIC:NVTK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2, Udaltsova Street, Moscow, RUS, 119415

Website

https://www.novatek.ru

NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.

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