Ashdod Refinery (XTAE:ARF) Debt-to-Equity : 0.43 (As of Dec. 2023)

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What is Ashdod Refinery Debt-to-Equity?

Ashdod Refinery's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪110 Mil. Ashdod Refinery's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪783 Mil. Ashdod Refinery's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪2,076 Mil. Ashdod Refinery's debt to equity for the quarter that ended in Dec. 2023 was 0.43.

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 Ashdod Refinery's Debt-to-Equity or its related term are showing as below:

XTAE:ARF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.43 Max: 0.54
Current: 0.43

During the past 4 years, the highest Debt-to-Equity Ratio of Ashdod Refinery was 0.54. The lowest was 0.06. And the median was 0.43.

XTAE:ARF's Debt-to-Equity is ranked better than
51.33% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs XTAE:ARF: 0.43

Ashdod Refinery Debt-to-Equity Historical Data

The historical data trend for Ashdod Refinery'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.

Ashdod Refinery Debt-to-Equity Chart

Ashdod Refinery Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.06

0.54

0.43

Ashdod Refinery Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.54	N/A	0.49	0.30	0.43

Competitive Comparison of Ashdod Refinery's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Ashdod Refinery'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.

Ashdod Refinery's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Ashdod Refinery Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ashdod Refinery'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
	=	(110.218	+	782.545)	/	2075.765
	=	0.43

Ashdod Refinery'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
	=	(110.218	+	782.545)	/	2075.765
	=	0.43

Ashdod Refinery (XTAE:ARF) 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.

Ashdod Refinery Debt-to-Equity Related Terms

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Ashdod Refinery (XTAE:ARF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ashdod Refinery Ltd (XTAE:ARF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hanet 1, Ashdod, ISR, 7752169

Website

https://www.paz.co.il

Ashdod Refinery Ltd is a company involved in imports and refining of crude oil and intermediates for petroleum distillates intended for marketing in the local market and for export purposes.

Ashdod Refinery (XTAE:ARF) Headlines

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