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Top 5 Companies in the Oil & Gas Refining & Marketing Industry With the Highest Debt to Asset Ratio (CLNE, PEIX, TSO, WNR, DK)

By David Diaz

Below are the three companies in the Oil & Gas Refining & Marketing industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Clean Energy Fuels ranks highest with a a debt to asset ratio of 56.91. Following is Pacific Ethanol with a a debt to asset ratio of 34.03. Tesoro ranks third highest with a a debt to asset ratio of 33.99.

Western Refining follows with a a debt to asset ratio of 28.31, and Delek US Holdings rounds out the top five with a a debt to asset ratio of 27.90.

SmarTrend recommended that its subscribers protect gains by selling shares of Clean Energy Fuels on November 4th, 2016 by issuing a Downtrend alert when the shares were trading at $3.59. Since that call, shares of Clean Energy Fuels have fallen 31.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio clean energy fuels pacific ethanol Tesoro western refining delek us holdings

Ticker(s): CLNE PEIX TSO WNR DK