Panama Petrochem (BOM:524820) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Panama Petrochem Debt-to-Equity?

Panama Petrochem's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹256 Mil. Panama Petrochem's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4 Mil. Panama Petrochem's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹11,027 Mil. Panama Petrochem's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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

BOM:524820' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.12 Max: 0.39
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Panama Petrochem was 0.39. The lowest was 0.02. And the median was 0.12.

BOM:524820's Debt-to-Equity is ranked better than
95.53% of 828 companies
in the Oil & Gas industry
Industry Median: 0.45 vs BOM:524820: 0.02

Panama Petrochem Debt-to-Equity Historical Data

The historical data trend for Panama Petrochem'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.

Panama Petrochem Debt-to-Equity Chart

Panama Petrochem Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.12

0.04

0.02

Panama Petrochem 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															-	N/A	-	N/A	0.02

Competitive Comparison of Panama Petrochem's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Panama Petrochem'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.

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

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

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

Panama Petrochem Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Panama Petrochem'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
	=	(256.3	+	3.8)	/	11027.1
	=	0.02

Panama Petrochem'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
	=	(256.3	+	3.8)	/	11027.1
	=	0.02

Panama Petrochem (BOM:524820) 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.

Panama Petrochem Debt-to-Equity Related Terms

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Panama Petrochem (BOM:524820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Panama Petrochem Ltd (BOM:524820) » Definitions » Debt-to-Equity

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PANAMAPET:India

Address

24, Turner Road, No. 401, Aza House, Next to Andhra Bank, Bandra (West), Mumbai, MH, IND, 400 050

Website

https://www.panamapetro.com

Panama Petrochem Ltd manufactures and exports petroleum specialty products. Its products are white oil/liquid paraffin oil, petroleum jelly, transformer oil, rubber process oil, industrial oils and greases, drilling fluids, and others. The products are used in inks and resins, printing, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and for other industrial purposes. The geographical segment of the sales is divided into two segments Domestic and Overseas.

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