Shell (SHEL) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is Shell Debt-to-Equity?

Shell's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9,931 Mil. Shell's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $71,610 Mil. Shell's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $186,607 Mil. Shell's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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

SHEL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.44 Max: 0.7
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of Shell was 0.70. The lowest was 0.27. And the median was 0.44.

SHEL's Debt-to-Equity is ranked worse than
50.12% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs SHEL: 0.44

Shell Debt-to-Equity Historical Data

The historical data trend for Shell'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.

Shell Debt-to-Equity Chart

Shell Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.52

0.70

0.52

0.44

Shell 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															0.44	0.44	0.44	0.43	0.44

Competitive Comparison of Shell's Debt-to-Equity

For the Oil & Gas Integrated subindustry, Shell'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.

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

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

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

Shell Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shell'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
	=	(9931	+	71610)	/	186607
	=	0.44

Shell'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
	=	(9931	+	71610)	/	186607
	=	0.44

Shell (NYSE:SHEL) 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.

Shell Debt-to-Equity Related Terms

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

Shell (SHEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell PLC (NYSE:SHEL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RYDAF:USA SHELL:Netherlands SHEL:Mexico SHELl:UK SHEL:UK R6C0:Germany R6C0:Germany R6C0:Germany SHEL:Argentina

Address

Shell Centre, London, GBR, SE1 7NA

Website

https://www.shell.com

Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.5 million barrels of liquids and 7.9 billion cubic feet of natural gas per day. At year-end 2022, reserves stood at 9.4 billion barrels of oil equivalent, 50% of which consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with capacity of 1.7 mmb/d located in the Americas, Asia, Africa, and Europe and sells 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.