China Aviation Oil (Singapore) (SGX:G92) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is China Aviation Oil (Singapore) Debt-to-Equity?

China Aviation Oil (Singapore)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$7 Mil. China Aviation Oil (Singapore)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was S$1 Mil. China Aviation Oil (Singapore)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was S$1,263 Mil. China Aviation Oil (Singapore)'s debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 China Aviation Oil (Singapore)'s Debt-to-Equity or its related term are showing as below:

SGX:G92' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.17
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of China Aviation Oil (Singapore) was 0.17. The lowest was 0.01. And the median was 0.02.

SGX:G92's Debt-to-Equity is ranked better than
99.88% of 827 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SGX:G92: 0.01

China Aviation Oil (Singapore) Debt-to-Equity Historical Data

The historical data trend for China Aviation Oil (Singapore)'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.

China Aviation Oil (Singapore) Debt-to-Equity Chart

China Aviation Oil (Singapore) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.02

0.01

0.02

0.01

China Aviation Oil (Singapore) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.01	0.01	0.01

Competitive Comparison of China Aviation Oil (Singapore)'s Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, China Aviation Oil (Singapore)'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.

China Aviation Oil (Singapore)'s Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Aviation Oil (Singapore)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where China Aviation Oil (Singapore)'s Debt-to-Equity falls into.

China Aviation Oil (Singapore) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

China Aviation Oil (Singapore)'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
	=	(7.405	+	0.978)	/	1263.364
	=	0.01

China Aviation Oil (Singapore)'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
	=	(7.405	+	0.978)	/	1263.364
	=	0.01

China Aviation Oil (Singapore) (SGX:G92) 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.

China Aviation Oil (Singapore) Debt-to-Equity Related Terms

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China Aviation Oil (Singapore) (SGX:G92) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Aviation Oil (Singapore) Corp Ltd (SGX:G92) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VZ8:Germany

Address

8 Temasek Boulevard, No. 31-02 Suntec Tower Three, Singapore, SGP, 038988

Website

https://www.caosco.com

China Aviation Oil (Singapore) Corp Ltd provides transportation fuels. With the core business involving the supply and trading of jet fuel across China and internationally, covering Asia-Pacific, North America, Europe, and the Middle East, the company also trades other oil products, which include fuel oil, gas oil, aviation gas, and crude oil in the Asia-Pacific region. The company operates in three segments: Middle Distillates, Other Oil Products, and Investments in Oil-Related Assets. The Middle Distillates segment engages in supplying and trading jet fuel and gas oil. Other oil products segment is into fuel oil, crude oil, and gasoline supply and trading.

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