Hindustan Petroleum (NSE:HINDPETRO) Debt-to-Equity : 1.42 (As of Mar. 2024)

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What is Hindustan Petroleum Debt-to-Equity?

Hindustan Petroleum's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹250,956 Mil. Hindustan Petroleum's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹415,882 Mil. Hindustan Petroleum's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹469,214 Mil. Hindustan Petroleum's debt to equity for the quarter that ended in Mar. 2024 was 1.42.

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

NSE:HINDPETRO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 1.25 Max: 2.19
Current: 1.42

During the past 13 years, the highest Debt-to-Equity Ratio of Hindustan Petroleum was 2.19. The lowest was 0.86. And the median was 1.25.

NSE:HINDPETRO's Debt-to-Equity is ranked worse than
80.98% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs NSE:HINDPETRO: 1.42

Hindustan Petroleum Debt-to-Equity Historical Data

The historical data trend for Hindustan 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.

Hindustan Petroleum Debt-to-Equity Chart

Hindustan Petroleum Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.42

1.15

1.17

2.19

1.42

Hindustan 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															2.19	N/A	1.29	N/A	1.42

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

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

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

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

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

Hindustan Petroleum Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hindustan 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
	=	(250956.3	+	415881.9)	/	469213.5
	=	1.42

Hindustan 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
	=	(250956.3	+	415881.9)	/	469213.5
	=	1.42

Hindustan Petroleum (NSE:HINDPETRO) 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.

Hindustan Petroleum Debt-to-Equity Related Terms

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Hindustan Petroleum (NSE:HINDPETRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hindustan Petroleum Corp Ltd (NSE:HINDPETRO) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

500104:India

Address

17, Jamshedji Tata Road, Post Box No. 11041, Petroleum House, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.hindustanpetroleum.com

Hindustan Petroleum Corp Ltd. (HPCL) is an Indian government enterprise that refines crude oil and manufactures petroleum-based products. The company operates a diverse group of refineries that process several grades of lubes, specialties, and greases along with a variety of petroleum products. HPCL also controls an extensive network of pipelines in India that transport a variety of hydrocarbon-based products. In tandem with its host of pipelines, marketing and distribution efforts are carried out through a group of terminals, service stations, bottling plants, marketing offices, and other facilities. Hindustan's products are primarily sold throughout India. The business is divided into downstream and other operations, with downstream activities generating the most revenue.

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