Brooge Energy (Brooge Energy) Debt-to-Equity : 1.84 (As of Jun. 2023)

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What is Brooge Energy Debt-to-Equity?

Brooge Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $172.8 Mil. Brooge Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $88.6 Mil. Brooge Energy's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $142.5 Mil. Brooge Energy's debt to equity for the quarter that ended in Jun. 2023 was 1.83.

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

BROG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.95 Med: 2.06 Max: 3.47
Current: 1.84

During the past 6 years, the highest Debt-to-Equity Ratio of Brooge Energy was 3.47. The lowest was 0.95. And the median was 2.06.

BROG's Debt-to-Equity is ranked worse than
87.85% of 831 companies
in the Oil & Gas industry
Industry Median: 0.44 vs BROG: 1.84

Brooge Energy Debt-to-Equity Historical Data

The historical data trend for Brooge Energy'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.

Brooge Energy Debt-to-Equity Chart

Brooge Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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2.11

1.09

2.15

3.47

2.52

Brooge Energy Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial						2.01	3.47	N/A	2.52	1.84

Competitive Comparison of Brooge Energy's Debt-to-Equity

For the Oil & Gas Midstream subindustry, Brooge Energy'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.

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

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

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

Brooge Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brooge Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(178.056	+	86.34)	/	105.095
	=	2.52

Brooge Energy'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
	=	(172.793	+	88.596)	/	142.462
	=	1.83

Brooge Energy (NAS:BROG) 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.

Brooge Energy Debt-to-Equity Related Terms

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Brooge Energy (Brooge Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Brooge Energy Ltd (NAS:BROG) » Definitions » Debt-to-Equity

Comparable Companies

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Traded in Other Exchanges

3SF:Germany

Address

c/o Brooge Petroleum and Gas Investment Company FZE, P.O. Box 50170, Fujairah, ARE

Website

https://www.broogeenergy.com

Brooge Energy Ltd is an Oil Refinery & Storage Company in the United Arab Emirates. The company generates revenue from the leasing of storage capacity of tanks and other ancillary services.