Chennai Petroleum (BOM:500110) Debt-to-Equity : 0.32 (As of Mar. 2024)

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What is Chennai Petroleum Debt-to-Equity?

Chennai Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹14,344 Mil. Chennai Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹13,515 Mil. Chennai Petroleum's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹88,209 Mil. Chennai Petroleum's debt to equity for the quarter that ended in Mar. 2024 was 0.32.

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

BOM:500110' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 1.89 Max: 6.4
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Chennai Petroleum was 6.40. The lowest was 0.32. And the median was 1.89.

BOM:500110's Debt-to-Equity is ranked better than
59.4% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs BOM:500110: 0.32

Chennai Petroleum Debt-to-Equity Historical Data

The historical data trend for Chennai 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.

Chennai Petroleum Debt-to-Equity Chart

Chennai Petroleum Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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6.40

5.69

3.09

0.66

0.32

Chennai Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.66	N/A	0.44	N/A	0.32

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

For the Oil & Gas Refining & Marketing subindustry, Chennai 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.

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

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

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

Chennai Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chennai Petroleum's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(14343.9	+	13515.1)	/	88209.2
	=	0.32

Chennai Petroleum's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(14343.9	+	13515.1)	/	88209.2
	=	0.32

Chennai Petroleum (BOM:500110) 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.

Chennai Petroleum Debt-to-Equity Related Terms

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Chennai Petroleum (BOM:500110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chennai Petroleum Corp Ltd (BOM:500110) » Definitions » Debt-to-Equity

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CHENNPETRO:India

Address

New No. 536, Anna Salai, Teynampet, Chennai, TN, IND, 600 018

Website

https://www.cpcl.co.in

Chennai Petroleum Corp Ltd manufactures and supplies petrol products in India. The company has refineries in the following locations: Manali, Chennai and Panangudi Village, Nagapattinam District, Tamilnadu. The Manali refinery in India produces fuel, wax, lube, and petrochemical feedstock. The company also has a wax plant that produces paraffin wax for the manufacturing of candle wax, waterproof formulations, and match wax. Additionally, the company has a propylene plant which supplies petrochemical feedstock to neighbouring downstream industries. The company's main products include liquefied petroleum gas, motor spirit, superior kerosene oil, high-speed diesel, fuel oil, hexane, and petrochemical feedstocks. A large majority of sales are derived from petroleum products.

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